Ozy Media, Inc et al (Release No LR-25670; Mar 17, 2023) sec.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sec.gov Daily Mail and Mail on Sunday newspapers.
The Commission filed cases last week centered on insider trading, financial fraud, corporate controls, Regulation M Rule 105 and microcap fraud. A new…
<p><span>The Securities and Exchange Commission today charged media and entertainment company Ozy Media Inc., its CEO Carlos R. Watson, Jr., its former COO Samir Rao, and its former Chief of Staff Suzee Han with defrauding investors of approximately $50 million through repeated misrepresentations concerning the company’s basic financial condition, business relationships, and fundraising efforts. Rao and Han have agreed to resolve the charges against them.</span></p>
Ozy Media Inc. and its CEO Carlos Watson were charged Thursday with defrauding investors and lenders to the California media and entertainment company out of tens of millions of dollars through false claims about the startup's dismal financial state.
MIL-OSI USA: SEC Charges Ozy Media and its CEO Carlos Watson with Widespread Scheme to Defraud Investors foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.