New documents in the case against disgraced media executive Carlos Watson have surfaced. As previously reported by Bazaar Daily, Watson was arrested on Thursday on an array of fraud charges related to his time behind Ozy Media. Ozy Media being a company that federal authorities allege has long been ran like that of an organized criminal organization.
Documents show that federal authorities nabbed Watson on a particular allegation that is rather shocking. Feds claim that Watson knowingly tried to fake his way through an alleged $600m takeover offer from a competing investor over another investor although none of that was actually true. The government claims that Watson attempted to mislead another investor in an effort to bilk another out of tens of millions of dollars for likely what would’ve amounted to private use.
He allegedly tried to even claim that he had the offer in hand when trying to bilk an investor by conning them into paying more than $22.5m into Ozy Media’s business finances.
Watson purportedly detailed his conversation with the investor in texts to colleagues Bloomberg reported.
Told him I would sleep on it,” Watson allegedly said. “I think we go back and say we are going to say no to [Technology Company 1] (at least for now), so a smaller Series D so we avoid rampant dilution. Take in $40M including their $20M — and maybe some debt. Let’s talk when you can.”
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