Ozy CEO Watson's fraud case: What you need to know

Ben Smith, Semafor co-founder and editor-in-chief, joins 'Squawk Box' to react to the arrest of Ozy Media CEO Carlos Watson on fraud charges on Thursday. Watson, however, pleaded not guilty at his arraignment and was released after posting a $1 million bond. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi 

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