Carlos Watson, the founder and CEO of Ozy Media, was arrested on Thursday on charges of fraud for allegedly misleading investors about the company's finances, business partners, and potential acquisitions. Prosecutors allege Watson committed the fraud from 2018 onwards, including falsely claiming the company had doubled its revenue from 2016 to 2017. The charges come after months of turmoil for Ozy Media, and serve as a reminder of the consequences of fraud and misrepresentation in the business world.