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In fraud case, embattled Ozy Media is a no show
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FILE — Carlos Watson leaves Brooklyn federal court in New York, Feb. 23, 2023. On Wednesday, March 8, 2023, the once-buzzy company, co-founded by Watson, didn't even have representation in court as it was arraigned on securities fraud and wire fraud charges. - photo by AP Photo/Seth Wenig, File
NEW YORK (AP) — Ozy Media billed itself as “the New and the Next” as its charismatic cofounder, former MSNBC and CNN host Carlos Watson, attracted millions of dollars from investors on a promise to attract young, sophisticated audiences. But on Wednesday, the once-buzzy company didn't even have representation in court as it was arraigned on securities fraud and wire fraud charges. There was confusion when representatives for the company were a no-show at its arraignment at a federal courthouse in Brooklyn.