Ozy Media got $5.7 million in relief loans to help pay employees, but ex-staffers say they didn’t see any of it

Posted Friday, October 8, 2021 8:40 am

Brian Schwartz and Alex Sherman | CNBC

Several former employees of Ozy Media say there is no evidence that the millions of dollars the company received through a federal COVID relief program to protect paychecks ever went to save jobs or boost pay.

Ozy, which has come under scrutiny after numerous reports detailing questionable business tactics, applied for two loans through a program called the Paycheck Protection Program, or PPP, according to the Small Business Administration’s website.

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Ozy Media got $5.7 million in relief loans to help pay employees, but ex-staffers say they didn’t see any of it

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