The first giveaway that Ozy was making it all up was that they were a media company that was doing well. “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.” Ben Smith, whose coverage in the NYT helped blow down Ozy’s media empire house of cards in under a week, on the cheat and the cheated. (Gift article of ND readers): What They Saw in Ozy. (I’m still waiting for my blood test results from Ozy…)

+ Ozy Media CEO claims his scandal-ridden company will reopen, but doesn’t explain how. “He added that over the weekend, the company had ‘good conversations’ with investors and advertisers.” (There is zero chance that statement is true.)