BILLION COMPANY. STARTUPS CAN SUCCEED WITHOUT THAT REGULATION. >>> BREAKING NEWS NOW. LET’S GET TO STEVE KOVACH. >> YEAH, CARLOS WATSON, CEO AND CO-FOUNDER OF AUSSIE MEDIA HAS BEEN FOUND GUILTY ON ALL THREE COUNTS IN HIS FRAUD TRIAL.
THERE’S A CHARGE OF SECURITIES FRAUD, FOUND GUILTY. WIRE FRAUD, FOUND GUILTY. AGGRAVATED IDENTITY THEFT, ALSO GUILTY. WE SHOULD NOTE THE DOJ SAYS THIS HAS A MANDATORY TWO-YEAR MINIMUM PRISON SENTENCE UP TO 37 YEARS. AND THIS TRIAL HAS BEEN GOING ON FOR THE LAST FEW DAYS.
WE KNOW WATSON WAS THE CO-FOUNDER OF OZY MEDIA AND FACED ALLEGATIONS OF MISREPRESENTING HOW MUCH MONEY THE COMPANY HAD AS HE WAS PITCHING INVESTORS AND THE THING “THE NEW YORK TIMES” BROKE A COUPLE YEARS AGO ABOUT ONE OF THE CO-FOUNDERS IMPERSONATING A GOOGLE EXECUTIVE ON A CALL WITH POTENTIAL INVESTORS AS WELL.
