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(Reuters) - U.S. President Donald Trump has commuted Ozy Media founder Carlos Watson’s nearly 10-year prison sentence for defrauding investors in his now-defunct startup, the White House said on Friday. Watson, a former cable news anchor and investment banker, was found guilty last year of lying to investors about the news and entertainment company’s finances and sham deals with Google (NASDAQ:GOOGL) and Oprah Winfrey. Watson, who pleaded not guilty, was sentenced to 116 months in prison by a federal court in Brooklyn in December. The White House, without elaborating, said Trump had commuted Watson’s sentence, which was reported earlier by CNBC. Watson thanked Trump and the president’s "pardon czar" Alice Marie Johnson, saying in a statement his prosecution was "driven by a malicious campaign." Prosecutors told jurors that Watson and Ozy Media had falsified information about the California-based company’s finances and audience size, fabricated contracts and inflated earnings projections to court investors. Founded in 2013, Ozy Media imploded in 2021 after news reports questioned its audience numbers and revealed that a top executive had impersonated a YouTube executive during a call with Goldman Sachs bankers, in which he claimed the streaming site had agreed to pay for exclusive rights to an Ozy show. GOOGL: A Bull or Bear Market Play? Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks – 6 model portfolios fueled by AI stock picks with a stellar performance this year.. In 2024 alone, ProPicks' AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if GOOGL is on your watchlist, it could be very wise to know whether or not it made the ProPicks lists.

NEW YORK (AP) — Former talk show host Carlos Watson was sentenced Monday to nearly 10 years in prison in a federal financial conspiracy case that cast his once-buzzy Ozy Media as an extreme of fake…

President Donald Trump has commuted the sentence of Carlos Watson, the co-founder of Ozy Media. Watson was convicted last year in a financial conspiracy case involving the defunct company.