Ozy Media CEO denies misrepresenting revenue to investors, board of directors

Ozy Media founder Carlos Watson denied accusations he was using previously written notes to provide testimony on direct examination

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Ozy Media CEO Carlos Watson denied accusations Monday he was providing “scripted” testimony during direct examination from his attorneys.

Watson is accused of conspiring with other Ozy executives to lie to investors about the company’s finances and encouraging his co-founder Samir Rao to impersonate YouTube executive Alex Piper on an investor call with Goldman Sachs.

He faces charges for conspiracy to commit securities and wire fraud, in addition to aggravated identity theft. If convicted, he could face up to 37 years in prison.

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