Par Ozy News Today

Particular will go along with. >> so theres several different aspects to your initial report. number one, as you just said, ozy is inflating artificially inflating audience numbers and telling people its getting more views than it really is. beyond that, theres also just this tale of a flat-out impersonation, someone carlos watson worked with on a utib guy with goldman sachs. thats dishonest fundamentally. >> there are a number of flat-out lies they told. they had "the carlos wattson show" and t...

More has a calais. >> that was carlos watson who said a few days ago the company would wind down operations after reports suggested it had defrauded investors and grossly inflated audience numbers. the reporter who broke this story wide open with a series of bizarre tales ben smith, media columnist for the "new york times" joins me now. in a second well rewind. first your reaction, carlos watson said ozy is not shutting down after all. >> i spoke to him yesterday and he was just totally defiant....

So the impersonation is a textbook case of securities fraud. ozys argument is, a, the guy had a mental health problem and thats why. we dont know if that is true and b, the deal never went through, no harm no foul. the question was it part of a pattern in relationship with investors. >> he said ozy is still open for business. is that possible, viable going forward? what do you think? >> i think it will be, basically up to advertisers whether the tradeoff of not having any real organic audience i...