Ozy Media founder Carlos Watson arrested on fraud charges

Media company was shuttered in 2021 after huge losses and COO's alleged impersonation during pitch to potential investor

The founder of the startup Ozy Media was arrested on Thursday on fraud charges, more than a year after the troubled digital company shut down after losing millions of dollars.

Authorities say Carlos Watson misled investors and lenders to prop up the financially struggling company, conspired to commit securities fraud and wire fraud, and committed identity theft with his role in the impersonation of several media executives.