Overview

• Watson was found guilty of conspiracy to commit securities fraud, wire fraud, and aggravated identity theft.
• The fraudulent scheme included forging contracts and impersonating media executives to secure investments.
• Co-conspirators Samir Rao and Suzee Han have pleaded guilty and await sentencing.
• Ozy Media, now defunct, also faces financial penalties following the conviction.
• Watson plans to appeal the verdict, claiming the misrepresentations were standard startup challenges.