What They Saw in Ozy

The story behind the story is about the elite investors who plowed millions into a media dream without much due diligence, persuaded by the charm of Ozy’s head, Carlos Watson.

Ozy Media’s chairman resigns as company faces questions.

The decision by Marc Lasry, a hedge fund manager, to leave the embattled company came days after The New York Times reported that a co-founder had apparently impersonated a YouTube executive on a call with Goldman Sachs.

Ozy’s board starts an investigation after a Times report raises questions about the company.

The New York Times’s media columnist, Ben Smith, reported that Ozy’s chief operating officer had apparently impersonated a YouTube executive during a conference call with Goldman Sachs bankers.