Watson, a former host on MSNBC and CNN, cofounded the company with Samir Rao in Mountain View a decade ago.
By BOBBY CAINA CALVAN | The Associate Press
In a parallel civil case, the Securities and Exchange Commission also charged Watson and the company with defrauding investors of about $50 million “through repeated misrepresentations concerning the company’s basic financial condition, business relationships, and fundraising efforts.” Scrutiny deepened after the New York Times reported in October 2021 that an Ozy official had masqueraded as a YouTube executive in a failing attempt to get Goldman Sachs to infuse money into the struggling enterprise.
Watson was released following his arraignment after posting $1 million bond. He is expected to next appear in court April 3. Company representatives are back in court March 8.
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