Ozy Media Sued Over Co-Founder’s Goldman Call Impersonation

Ozy Media Inc. was sued by an investor over its co-founder’s impersonation of a YouTube executive during a conference call with Goldman Sachs Group Inc. executives about a potential investment.

LifeLine Legacy Holdings LLC said in a securities fraud suit filed late Monday that it invested around $2.25 million in Ozy in February and May partly because co-founders Carlos Watson and Samir Rao claimed Goldman was about to put money in the company.

“Watson and Rao expressly represented to LifeLine that Goldman Sachs was positioning itself to make a substantial investment in the company,” Beverly Hills-based LifeLine said in its ...