Former TV personality Carlos Watson has been convicted in a federal financial conspiracy case about collapsed startup Ozy Media. Fifty-three-year-old Watson had been free on bail but was taken into custody Tuesday to await sentencing. U.S. Attorney Breon Peace's office said that a jury found Watson guilty of all three charges against him. Prosecutors alleged that Watson conspired to deceive investors and lenders in order to keep the cash-strapped company alive. Watson pleaded not guilty and denied the allegations. Ozy Media produced TV shows, podcasts, festivals and more for nearly a decade. It unraveled after allegations emerged in 2021 that the company had overhyped its success.
