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Trump Commutes Ozy Media Founder Carlos Watson Prison Sentence
Watson’s Sentence Commuted by Trump
Former U.S. President Donald Trump has commuted the nearly 10-year prison sentence of Carlos Watson, founder of the now-defunct Ozy Media. The White House confirmed the decision on Friday but did not provide further details.
Fraud Conviction and Sentencing
Watson, a former cable news anchor and investment banker, was found guilty last year of defrauding investors by falsifying financial information and forging contracts. Prosecutors accused him of lying about Ozy Media’s audience size, fabricating deals with major companies like Google and Oprah Winfrey, and inflating revenue projections. In December, he was sentenced to 116 months in federal prison in Brooklyn.
Watson’s Response to Commutation
Following the announcement, Watson expressed gratitude to Trump and Alice Marie Johnson, the president’s criminal justice advisor. He described his prosecution as a “malicious campaign” and maintained his innocence.
Details of Ozy Media’s Fraud Scandal
Founded in 2013, Ozy Media collapsed in 2021 after reports revealed that executives misrepresented company data. The scandal came to light when a top Ozy official impersonated a YouTube executive during a call with Goldman Sachs bankers, falsely claiming the platform had agreed to buy exclusive rights to an Ozy show.
Prosecution and Defense Arguments
During the trial, prosecutors argued that Watson knowingly led fraudulent activities within the company. His defense, however, claimed that he was unaware of his subordinates’ misconduct and had been betrayed by them.
Final Thoughts
The commutation of Watson’s sentence has drawn mixed reactions. While some view it as a step toward justice reform, others criticize it as undermining accountability in financial crimes.
“Trump Commutes Ozy Media Founder Carlos Watson Prison Sentence” “Trump Commutes Ozy Media Founder Carlos Watson Prison Sentence”