Ozy shuts down after accusations of deceit, as high-profile backers peel away - NewsBreak

The digital media company Ozy has shut down after being buffeted by accusations that it deceptively promoted both itself and its charismatic CEO and co-founder, Carlos Watson. The Ozy board — no longer led by billionaire Marc Lasry, who resigned as chairman earlier in the week — issued a statement late Friday marking the move.