WFAN morning show co-host Craig Carton was arrested early Wednesday for duping investors out of $5.6 million to cover his staggering gambling debts, authorities said.
The motor-mouthed Carton turned to crime after running up millions of dollars in losses with two casinos, plus a debt of $825,000 to an unidentified individual, court papers charged.
Carton, 48, was arrested by FBI agents at his Manhattan home — causing the highly-paid sports talk gabber to miss his morning show opposite former New York Jets star Boomer Esiason.
"We are aware of the situation and are cooperating with authorities," CBS Radio said in a statement.
Carton allegedly lured investors into a fraudulent ticket resale business, promising to deliver face-value tickets to concerts by stars like Katy Perry, Justin Bieber, Metallica and Barbra Streisand.
“In reality, no such agreements with the concert promoter or venue existed, and the signatures for the concert promoter or venue,” the Securities and Exchange Commission charged.
At the time, Carton had “accrued millions of dollars worth of gambling-related debts to casinos and other third parties,” court papers indicated.
A former Tribeca neighbor of Carton told The News there was no indications of any problems with the radio show host.
“He was a very nice guy around me,” said the neighbor. “He was very quiet.”
The acid-tongued Carton joined Esiason on WFAN on Sept. 4, 2007 — nearly 10 years to the day of his arrest.
Carton’s rise to New York radio included stops in Buffalo, Cleveland, Philadelphia and New Jersey. The New Rochelle native was nominated in 2006 as national talk show host of the year.
Carton is married and the father of four children.
http://www.nydailynews.com/new-york...carton-co-host-arrested-fbi-article-1.3473530
The motor-mouthed Carton turned to crime after running up millions of dollars in losses with two casinos, plus a debt of $825,000 to an unidentified individual, court papers charged.
Carton, 48, was arrested by FBI agents at his Manhattan home — causing the highly-paid sports talk gabber to miss his morning show opposite former New York Jets star Boomer Esiason.
"We are aware of the situation and are cooperating with authorities," CBS Radio said in a statement.
Carton allegedly lured investors into a fraudulent ticket resale business, promising to deliver face-value tickets to concerts by stars like Katy Perry, Justin Bieber, Metallica and Barbra Streisand.
“In reality, no such agreements with the concert promoter or venue existed, and the signatures for the concert promoter or venue,” the Securities and Exchange Commission charged.
At the time, Carton had “accrued millions of dollars worth of gambling-related debts to casinos and other third parties,” court papers indicated.
A former Tribeca neighbor of Carton told The News there was no indications of any problems with the radio show host.
“He was a very nice guy around me,” said the neighbor. “He was very quiet.”
The acid-tongued Carton joined Esiason on WFAN on Sept. 4, 2007 — nearly 10 years to the day of his arrest.
Carton’s rise to New York radio included stops in Buffalo, Cleveland, Philadelphia and New Jersey. The New Rochelle native was nominated in 2006 as national talk show host of the year.
Carton is married and the father of four children.
http://www.nydailynews.com/new-york...carton-co-host-arrested-fbi-article-1.3473530
