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‘Boomer & Carton’ co-host Craig Carton arrested by FBI on fraud charges

September 7, 2017  |  Posted by: Francesca Falzarano
‘Boomer & Carton’ co-host Craig Carton arrested by FBI on fraud charges

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Feds arrest sports radio personality Craig Carton over Ponzi scam to pay gambling debts

Craig Carton, the co-host of the Boomer and Carton morning show on WFAN in New York, was arrested Wednesday morning by the FBI for fooling investors out of $5.6 million to cover his tremendous gambling debts.

Carton turned to crime after he ran up millions of dollars in losses with two casinos, in addition to a debt of $825,000 to an unnamed individual.

Carton and co-defendant Michael Wright have both been charged with conspiracy, securities fraud, and wire fraud. The two could face 45 years behind bars and millions of dollars in fines.

Both were released on $500,000 bond following a court appearance. The typically loud Carton was stoic during the hearing.

“Behind a.ll the talk, the Carton and Wright show was just a sham to fleece investors out of millions to be spent on payments to casinos and … other debt,” U.S. Attorney Joon Kim said in a statement.

A 26-page Securities and Exchange Commission document accused Carton of deceiving his investors, going as far as to send bogus documents and e-mails to his trusting partners.

Craig Carton leaves federal court after his arraignment in Manhattan on Wednesday

“Carton’s deceit did not stop with fake documents … When (one investor) made a $2 million investment, Carton misappropriated by lying,” court document stated.

The 48-year-old was taken into custody by FBI agents at his home in Manhattan— causing the highly-paid sports show host to miss his morning show with former New York Jets star Boomer Esiason.

“I am aware why Craig is not here,” Esiason said to the listeners on Wednesday. “Unfortunately, he was arrested this morning … I’m taken aback and surprised, just like everybody else.

“I thought he called in sick, but my partner was arrested.”

CBS Radio, the parent company of WFAN, published a statement indicating they were aware of the arrest and cooperating with law enforcement.

Carton earns $250,000 a year as a morning talk show co-host.

Carton reportedly lured investors into a fake ticket resale business, promising to deliver face-value tickets to concerts.

One particular false deal focused on buying millions of dollars in tickets for Adele’s tour from the singer’s management.

“In reality, no agreements with the concert promoter or venue existed, and the signatures for the promoter or venue were forged,” the SEC alleged.

Carton had “accrued millions of dollars worth of gambling-related debts to casinos and other parties,” court papers revealed.

Some of the cash stolen from investors was used to repay other investors in what prosecutors referred to as “a Ponzi-like scheme.”

Carton was a friend of New Jersey Governor Chris Christie, often asking the politician to appear on his show.

He and Esiason also hosted a benefit softball game to raise money for the Port Authority PBA Widows’ and Children’s Fund.

A second suit filed against Carton in May alleged that he skipped out on $114,116.13 in rent on an office in Soho under the name Advance — one of his fake ticket-selling businesses.

The SEC filing also asserted that 43-year-old Joseph Meli conspired with Carton in the scheme. He was not named in the complaint.

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