Trump commutes sentence of Ozy Media founder Carlos Watson convicted of fraud

President Trump commuted the sentence of Ozy Media co-founder Carlos Watson, a White House official confirmed to CBS News Friday, just before Watson was due to report to prison for a nearly 10-year sentence in a financial conspiracy case.

Watson was convicted last year in a closely watched case that showcased the implosion of an ambitious startup company at a time of turmoil in the media industry. He had been ordered to surrender to prison on Friday.

A lawyer who represented Watson didn't immediately respond to a request from the Associated Press for comment.