Today, Ozy Media CEO Carlos Watson has been arrested and charged with fraud. According to The Wall Street Journal, Watson has been charged with fraud after a former executive leads a guilty plea to the company’s fraud.

CNN reports that Watson, founder of Ozy Media, was arrested and charged with fraud. He is accused of scheming to defraud investors and engaging in securities fraud, according to The New York Times.

Variety reports that Watson was arrested and charged with securities fraud. He is accused of scheming to defraud investors, according to Reuters.

Watson has not yet made a statement in response to the charges. For more information, view full coverage on USNN.