Former TV host Carlos Watson has taken the witness stand in the criminal trial surrounding the collapse of his Ozy Media. He insisted Monday that he hadn’t schemed to con its backers. The former news and talk show host is the key defense witness in the federal trial, now in its second month.
FILE - CEO and co-founder of Ozy Media Carlos Watson arrives at Brooklyn Federal Court, June 7, 2024 in New York. Watson began testifying trial in the federal criminal trial surrounding the collapse of his Ozy Media. “Mr. Watson, did you conspire to commit securities fraud?” asked his lawyer, Ronald Sullivan Jr.
Watson, a former news and talk show host on networks including CNN and MSNBC, is the key defense witness in the federal trial. He and the now-defunct Ozy are accused of giving backers and lenders phony financial statistics, forged contracts and other false information that created a glowing image of a company that actually was on the rocks.
And he suggested that revenue numbers logged into the company’s main financial software program didn’t reflect all the money coming in. “Like a lot of young companies, it was kind of incomplete. People were doing the best they could,” but some revenue was logged in other spreadsheets, Watson said.
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Ozy Media went from buzzy to belly-up. Its founder, Carlos Watson, is now on trialFor nearly a decade, Ozy Media projected an image of new-media success.
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Ozy Media went from buzzy to belly-up. Its founder, Carlos Watson, is now on trialFor nearly a decade, Ozy Media projected an image of new-media success.
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Ozy Media went from buzzy to belly-up. Its founder, Carlos Watson, is now on trialFor nearly a decade, Ozy Media projected an image of new-media success.
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