A federal judge ordered Watson and his company to pay over $36 million in restitution and nearly $60 million in forfeiture for lying to investors about the company's finances and conspiring to ...

Convicted Ozy Media CEO Carlos Watson and his company have been ordered to pay nearly $96 million in penalties for his “brazen and audacious” securities fraud, according to a report.

The term was handed down this week by United States District Judge Eric R. Komitee in federal court in Brooklyn following Watson's conviction in July after an eight-week trial. While hefty, it was ...

Former Ozy Media Chief Executive Carlos Watson was sentenced to nearly 10 years in prison Monday for defrauding investors and lenders to his once-promising digital-media startup. A federal jury ...

N EW YORK (AP) — Former talk show host Carlos Watson was sentenced Monday to nearly 10 years in prison in a federal financial conspiracy case that cast his once-buzzy Ozy Media as an extreme of ...

In July, former talk show host Carlos Watson and his now-defunct California-based Ozy Media were found guilty in a federal financial conspiracy case. Watson, 55, was accused of lying about the ...