US President Donald Trump delivered a co -founder of OZy Media Carlos Watson on Friday. The White House official announced only a few hours before Watson had a prison report for almost ten years in the event of a financial conspiracy.
Watson was convicted in 2024 in a more million dollar scheme that included a false claim that the launch was dealing with Google and Oprah Winfrey. Watson had 28 March (US time) to give up prison.
According to an AP news agency report, a commutation was confirmed by the head of the White House official who was not entitled to publicly speak of the decision and spoke of the condition of anonymity.
In addition to Watson, there are other mint orders that announced the White House on Friday, Trevor Milton’s orders and three entrepreneurs who have established and helped to run Bitmex to exchange cryptocurrencies.
While Milton, the founder of electric vehicles Nikola, was sentenced to four years for fraudulent exaggeration of the potential of his technology and was forced, Bitmex was ordered to pay a fine of $ 100 million for “deliberately implementing US anti -stroked laws to increase income”.
This step is part of President Trump for people who believe that the fair system has treated unfairly. Trump was convicted last year in the case of payment with silent money, which is the case that the president describes as politically motivated witch hunting against him.
Who is Carlos Watson?
Carlos Watson, 55, is an American entrepreneur, journalist and television host. Former contributor to MSNBC, he was the CEO of the media company Osa Media, which he co -founded in 2013 and received $ 30 million.
As an entrepreneur Watson, he also co -founded Achieva College Prep Service in 2002, which was later sold by Washington Post and Kaplan.
Ozy was based on the assumption that it would provide fresh, sophisticated but non-dully takeover of politics, culture and others. Startup was charged as “new and others” – while minority and marginalized voices intensified.
Ozy announced that in the autumn of 2021 it closed less than a week after the New York Times column raised questions about the demands on the media organization of millions of viewers and readers, and at the same time pointed to the potential case of securities fraud.
Watson was arrested in February 2023 after two of the top executives of the company confessed to fraud.
The prosecutors stated that Watson had deceived investors and creditors by inflating income numbers and indicated that the agreements were final when they were not. At one point, the co -founder of Watson pretended to be a telephone call with potential investors by YouTube manager.
After Watson’s convicted, Brooklyn American lawyer Breon Peace said that the jury found that “Watson is a fraudster who said to lie on a lie to deceive investors to buy shares in his company.”
Ozy media “collapsed under the weight of Watson’s dishonest schemes,” Peace said.
But Watson, who is black, called the case of “modern lynching” and claimed to have been the victim of “selective prosecution”.
“I made mistakes. I’m very sorry that people are injured, including me,” Watson said, but “I don’t think it’s fair.”
The US district judge Eric Komitee said during the conviction that “a quantum of dishonesty is exceptional in this case”.
Watson held titles at the University of Harvard and Stanford Law School, worked on Wall Street, had concerts at CNN and MSNBC and boasted of business cutlets. Ozy Media was his second startup, which came ten years after he sold the test preparation he founded at the age of 20.
Mountain View, California based in California, produced television shows, newsletter, podcasts and festival of music and ideas. Watson hosted several television programs, including the Emmy-playing “black woman’s own conversation” that appeared on the Oprah Winfrey network.
Ozy captured large advertisers, clients and grants. According to the external symptoms of success, however, was an excessive society that, according to the testimony of the initiated persons, tried – and spread – remain after 2017.
The company was stressed for payment, ran late to rent, and pulled out expensive cash to pay the bills, the jurors told former finance vice -president Janeen Poutre. Meanwhile, OZy gave potential investors much larger income numbers than the numbers reported by the accountant, according to testimony and documents.
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