Ozy Media’s Watson Gets Almost 10 Years for Fraud (Correct)

Ozy Media Chief Executive Officer Carlos Watson was sentenced to almost 10 years in prison for lying to his investors over his now-defunct media startup, luring big-name funders and promising backing from the likes of Goldman Sachs Group Inc.

The sentence came after Watson, 55, and the company were convicted in July for repeatedly misrepresenting Ozy’s revenue to get funding. The case became famous after he directed his co-founder to impersonate a YouTube executive on a call with Goldman bankers.

Prosecutors had urged the judge to impose a prison term of 17 years, saying Watson engaged in “a years-long brazen ...