Carlos Watson, founder of the defunct digital media company Ozy Media, was sentenced to 10 years in prison for lying to investors about the start-up's finances.

, according to a Monday press release from the U.S. Attorney's Office for the Eastern District of New York.

Watson's 116-month-long sentence for conspiracy to commit securities fraud, conspiracy to commit wire fraud and aggravated identity theft came Monday in Brooklyn federal court, according to a press release from the U.S. Attorney's Office for the Eastern District of New........

© The Hill