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Ozy Media founder sentenced for fraud

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Ozy Media founder Carlos Watson was sentenced this week to nearly 10 years in prison for fraud.

A jury found Watson guilty in July of defrauding investors of the now-defunct startup.

"Watson chose deceit over candor, grasping for the illusion of business success and personal acclaim at any cost," said Breon Peace, U.S. attorney in Brooklyn.

Read more from Reuters.

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