CEO and co-founder of Ozy Media Carlos Watson arrives at Brooklyn Federal Court, June 7, 2024 in New York. Watson began testifying trial in the federal criminal trial surrounding the collapse of his Ozy Media. NEW YORK — Former TV host Carlos Watson took the witness stand Monday in the criminal trial surrounding the collapse of his Ozy Media, insisting he hadn’t schemed to con the startup’s backers.
Watson and Ozy Media have pleaded not guilty and sought to cast blame for any misrepresentations on Rao. He pleaded guilty, testified against Watson and is awaiting sentencing. Prosecutors have pointed to differences between Ozy’s internal records and external presentations to support their allegations that the company was lying to outsiders about its financial straits. But Watson suggested that revenue numbers logged into the company’s main financial software program didn’t reflect all the money coming in.
Former Ozy finance vice president Janeen Poutre testified earlier in the trial that auditors rarely agree to count such revenue and that she didn’t “know where his numbers came from.”
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