US EditionTrump commutes sentences of Ozy Media founder Carlos Watson and company
- President Donald Trump commuted the sentence of Carlos Watson, co-founder of Ozy Media, on the day he was to report to prison for almost 10 years, as confirmed by a White House official.
- Carlos Watson was convicted of conspiracy to commit securities and wire fraud, along with identity theft, with a federal judge ordering $96 million in restitution and forfeiture.
- Watson's co-founders pleaded guilty to fraud charges and testified against him, alleging he deceived investors by misrepresenting Ozy Media's finances from 2018 to 2021.
- Watson described the prosecution as a 'modern lynching,' asserting that the case was influenced by racial factors.
153 Articles
153 Articles
Trump commutes Ozy Media founder’s criminal fraud sentence
President Trump commuted the prison sentence of Carlos Watson, a co-founder of now-defunct digital media company Ozy Media, shortly before the entrepreneur was set to start serving a nearly decade-long jail term. “I am profoundly grateful to President Trump for correcting this grave injustice. His decision reflects his unwavering commitment to fairness and justice for…
Donald Trump grants clemency to some entrepreneurs in financial crime cases
President Donald Trump commuted the sentence of Ozy Media co-founder Carlos Watson on Friday, just hours before Mr Watson was due to report to prison for a nearly 10-year sentence in a financial conspiracy case.
Trump commutes prison sentence for Ozy Media’s Carlos Watson
WASHINGTON — Ozy Media co-founder Carlos Watson, who was set to begin serving his nearly 10-year prison term for lying to investors in his startup, had his term commuted by President Donald Trump on Friday, according to a senior White…
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