President Donald Trump has commuted the prison sentence of Carlos Watson, the founder and former CEO of Ozy Media. Watson was just hours away from reporting to a federal prison in California when he received word of the clemency, CNBC reports. Watson, 55, was sentenced to 116 months in prison following his conviction on multiple counts of fraud and identity theft related to his leadership of the now-defunct digital media company. Trump also commuted the sentence of one year of probation imposed on Ozy Media for the company’s conviction in
Carlos Watson, the founder of Ozy Media, was sentenced on Monday to 116 months in prison for defrauding investors and misrepresenting the company’s finances. The decision comes after Watson’s conviction in July for orchestrating a fraudulent scheme that included falsifying contracts and fabricating deals to gain investor trust, according to Reuters. Fraudulent Deals And Fabricated Contracts The sentencing, delivered by US District Judge Eric Komitee in Brooklyn federal court, marks the culmination of a high-profile case. Prosecutors accused Watson and his now-defunct media startup of inflating revenue projections and audience
