Ozy Media CEO Hit With $96 Million Restitution, Forfeiture Order

Ozy Media chief executive Carlos Watson and his company must pay nearly $37 million in restitution for a “brazen and audacious” securities fraud scheme involving a fake call to Goldman Sachs Group Inc. bankers from Watson’s cofounder impersonating a YouTube executive.

Watson was also subjected to a more than $59 million forfeiture judgment to the federal government in a post-trial order filed Sunday by Judge Eric Komitee. A jury found Watson guilty in July 2024 of conspiracy to commit wire fraud and securities fraud and aggravated identity theft. Oz Media was also convicted of the conspiracy counts.

Komitee sentenced Watson ...