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Ozy Media’s Carlos Watson was arrested this week, as our mainFT colleagues have claimed.
We at Alphaville are usually up for some interesting Friday looking at, so we took a swift glimpse at the government’s grievances.
The allegations include things like: Phony revenue, phony contracts, fake representations of trader interest, two impersonations of other companies’ executives, and this electronic mail from Ozy’s previous CFO:
This . . . is unlawful. This is fraud. This is forging someone’s signature with the intent of receiving an progress from a publicly traded bank . . .
To be crystal apparent, what you see as a measured risk — I see as a felony. Did both of you (Carlos, when you requested me to set collectively a deal and / or Samir, when you sent the e-mail) have any idea (or did it even happen to you to care) that I could go to jail for forgery and financial institution fraud?
Obtain the SEC fees listed here, and the DOJ criticism below.
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