The S.E.C. Drops Efforts to Recoup Funds From Trump Clemency Recipients

Devon Archer, Trevor Milton and Carlos Watson were convicted in fraud schemes totaling hundreds of millions of dollars. Now, they will not be required to pay back victims.

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Trump Commutes Ozy Media Founder’s Sentence Just Before His Surrender

Carlos Watson, who started the now-defunct digital media company, had been sentenced to almost 10 years in prison for trying to defraud investors and lenders.

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Carlos Watson, Ozy Media Co-Founder, Is Sentenced to Almost 10 Years in Prison

A federal jury in July found Mr. Watson, who started the digital media company in 2013, guilty of trying to defraud investors and lenders.

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