Ozy Media is not in Kansas anymore. Or in any other jurisdiction. The company has decided to cease operations, according to a Twitter post today. “In light of its current operational and lega…
was arrested and charged with fraud by federal investigators, according to multiple news reports.
Prosecutors said in a court document that Watson had “engaged in a scheme to defraud Ozy’s potential investors, potential acquirers, lenders and potential lenders” by inflating the site’s audience numbers and financials in a scandal that began to unfold last fall. The company boasted more than 50 employees at one time, although how many remained on duty as of today is unclear. The company produced podcasts, television series and events, and profiles of rising stars and emerging trends
In light of its current operational and legal challenges, the OZY board has determined that it’s in the best interests of its stakeholders to suspend operations immediately.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Ozy Media Shuts Down After Founder Carlos Watson Charged With FraudOzy Media has closed its doors after Carlos Watson, the digital media and entertainment company’s founder and CEO, was arrested and indicted on federal fraud charges. ”In light of its…
Leer más »
Pac-12 media rights: Our (final) predictions for the revenue, media partners, expansion decisions and moreThe conference has been renegotiating its media deals for eight months. The saga should come to a conclusion in March.
Leer más »
Media Bias Alert: Hunter Biden Investigation Gains Key Witne...As Hunter Biden missed a House deadline to hand over documents on his business dealings, one of his former business partners decided to cooperate with the probe. Right-rated outlets highlighted the news prominently, left-rated sources didn't cover it.
Leer más »
Gulf Shores, Orange Beach take steps to block spring break mayhemRaise a toast to spring break 2023 if you want, just don’t do it on public beaches in Gulf Shores and Orange Beach. Both coastal cities have renewed measures implemented in recent years to make their beaches less hospitable to unruly gatherings. Details:
Leer más »
Blinken to hold talks with Central Asian nations in wake of Ukraine anniversaryU.S. Secretary of State Antony Blinken arrived in Central Asia Tuesday where he will visit and meet with officials from all five former Soviet republics following the first anniversary of Russia's invasion of Ukraine.
Leer más »
Visa, Mastercard pause crypto push in wake of industry meltdown - sourcesU.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook faith in the industry, people familiar with the matter told Reuters.
Leer más »