Ozy Media, CEO Convicted of Fraud After Staged Goldman Call (2)

Ozy Media and Chief Executive Officer Carlos Watsonwere found guilty of defrauding investors in a case featuring allegations Watson coached his co-founder to impersonate a YouTube executive to get Goldman Sachs bankers to back the media startup.

A jury delivered its verdict on the former TV host and Ozy Media Tuesday in Brooklyn federal court following a six-week trial. Watson was immediately taken into custody after his bail was revoked by the judge.

The company and Watson, 54, were convicted of conspiracy to commit wire fraud and securities fraud, while Watson was also convicted of aggravated identity theft. Watson ...