Ozy 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…
”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,”
“I am deeply disappointed by the government’s actions yesterday. I am not now and never have been a ‘con man.’ I am and have been, a hard-working entrepreneur who has helped build a special company from scratch,” he wrote. Watson continued, “I’m not saying I haven’t made mistakes – I have. But it’s fair to ask, why I’ve been singled out? Ozy is a real and valuable company that was built through an enormous amount of hard work and sacrifice.
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