Snag these new Insider Deals before they are goneFILE - 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. “I did not,” Watson said, and repeated it when asked about the other charges against him, aggravated identity theft and conspiracy to commit wire fraud.
Watson and Ozy Media have pleaded not guilty and sought to cast blame for any misrepresentations on Rao. He pleaded guilty, testified against Watson and is awaiting sentencing. 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.
Source: Law Daily Report (lawdailyreport.net)
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