Billionaire investor Marc Lasry announced Thursday he will step down as chairman of Ozy Media, just days after The New York Times reported the company’s COO impersonated a YouTube executive on a call with potential investor Goldman Sachs.

Lasry is the co-owner of Milwaukee Bucks basketball champions as well as CEO of Avenue Capital Group. He was appointed chairman of Ozy Media just three weeks ago.

Lasry stated that he believes Ozy needs to have experience in areas such as crisis management or investigations. This is something he did not know. His statement also stated that he was still an investor of Ozy Media.

The Sunday New York Times article published on Sunday evening called into question many promotional and journalistic practices of Ozy Media. It is a start-up digital media company. Ozy Media routinely inflated its viewership numbers on YouTube and other platforms and misattributed glowing commentary about itself in advertising, according to the New York Times story and several follow-up reports in other outlets

Most notably, the company’s board excused the behavior of its COO Samir Rao who allegedly impersonated the YouTube executive, by blaming the incident on Rao’s mental health. According to the company’s board, Rao had been asked by the board Tuesday to be absent while they investigate the Times report.