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Donald Trump has commuted the sentence of Carlos Watson, co-founder of Ozy Media, shortly before he was due to report to prison to serve a 10-year sentence in a financial conspiracy case.
The former talk show host was convicted last year in a case that saw the implosion of the once-buzzy and ambitious startup company play out.
Watson, 55, and the now-defunct company were found guilty last summer of charges including wire fraud conspiracy. He denied any wrongdoing.
Watson, who has been free on $3 million bond, faced a mandatory minimum sentence of two years in prison and potentially as much as 37 years.
However, the commutation of his sentence was confirmed by a senior White House official, who spoke to The Associated Press on condition of anonymity.
Breon Peace, who was serving as the Brooklyn-based U.S. attorney at the time, said after the trial that the jury determined that “Watson was a con man who told lie upon lie upon lie to deceive investors into buying stock in his company.”
Ozy Media “collapsed under the weight of Watson’s dishonest schemes,” Peace said.
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