The Biggest Fraud You've Never Heard of

What is the now-shuttered Ozy Media — and why did its COO pretend to be a YouTube exec?

https://www.cbc.ca/news/entertainmen...iner-1.6197117

Quote:

Ozy was a media organization founded in 2013 and based in Mountain View, Calif., that published stories on its website, made podcasts, newsletters and shows and hosted the OzyFest festival. Its website remained up on Friday afternoon. In a tweet, high-profile CEO and founder Carlos Watson — a former cable news anchor — claimed 25 million newsletter subscribers and more than 30 million views on YouTube.

And,

Quote:

The website Crunchbase, which tracks corporate fund-raising, said Ozy had raised more than $70 million US from investors as of late 2019.

But,

Quote:

The statement said it was "with the heaviest of hearts that we must announce today that we are closing Ozy's doors." The board's statement did not give the reason that the company was shutting down.

Just two guys in a basement? :covereyes

via International Skeptics Forum https://ift.tt/3F7CN7M