Story perspectives
Mozaic CEO Charged with $20M Fraud Scheme
12/10/2025
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Story summary
- Marcus Cobb, CEO of Mozaic Payments Inc., was charged in an indictment unsealed in Boston for conspiring to defraud a private equity firm of $20 million.
- The indictment accuses Cobb of misrepresenting Mozaic's profitability with false documents.
- Mozaic claimed a revenue-sharing app for entertainment but delivered no functioning product.
- After the September 2023 investment, Cobb and a co-founder misused funds.
- Cobb was arrested and released on a $125,000 bond.
