SEC v. Ozy Media, Inc.

Samir Rao and Suzee Han allegedly raised approximately 50000000 from investors through repeated misrepresentations concerning Ozy Media's financial condition, business relationships, and fundraising efforts, according to SEC. Rao allegedly provided prospective investors with false financial information that vastly inflated Ozy Media's annual revenue by at least 100 percent annually from 2018 through 2020, according to SEC. Han allegedly helped to prepare and disseminate these false statements to investors, according to SEC.

Summary generated from official Securities and Exchange Commission press release