Wednesday, 03 June, 2020

NY Radio Host Craig Carton Charged in Ticket Fraud Scheme

Craig Carton Courtesy of YouTube Craig Carton Courtesy of YouTube
Lamar Ellis | 07 September, 2017, 02:17

He's a longtime radio co-host of the Boomer & Carton morning show on New York's WFAN sports station with ex-NFL QB Boomer Esiason.

He was allegedly involved in an investment scam where he and an associate claimed to be running a ticket broker business.

Both men have been charged with one count of conspiracy to commit securities fraud and wire fraud, one count of wire fraud, and one count of securities fraud.

Carton has hosted WFAN's morning show alongside National Football League great Boomer Esiason for the last 10 years, taking over for Don Imus, who was sacked after making a racially charged remark about the Rutgers women's basketball team. There is nothing else I can say.

"As alleged in our complaint, investors were lured with promises of big profits from resales of A-list concert tickets, but little did they know their money was being used to cover Carton's gambling debts among other things", said Paul Levenson, Director of the SEC's Boston Regional Office.

Asked if he was suprised when he heard of Carton's arrest, Codey said, "When you're big-time gambler like obviously he might be, you have to cover your action and unfortunately for him and his family it looks like he got jammed up".

NY said investigation details were expected to be released later Wednesday.

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In January 2005, Codey threatened to "take out" Carton after Carton made dismissive comments about postpartum depression, an ailment that afflicted the then-governor's wife Mary Jo Codey.

The civil case against Carton is tied to Joseph Meli, a New York-based businessman who was separately charged earlier this year with operating a Ponzi scheme that cheated wealthy people who thought they were investing in ticket businesses for popular shows and concerts, including Broadway's "Hamilton".

The business promised to sell blocks of concert tickets that Carton and his associate claimed to have access to.

"They said it wouldn't last", Carton told The Post in 2011, referring to the hit show's beginning. Kim says Carton was actually running "a sham, created to fleece investors out of millions".

According to the complaint, Carton was ultimately unable to resell a significant portion of the Barbra Streisand tickets he purchased.
Carton, 48, misappropriated another $2 million from one of the investors.

Each man was released on $500,000 bond at a Wednesday hearing. Prior to his work in NY, he worked on radio shows in Cleveland, Philadelphia and Denver as well as Buffalo, where he got his start in the industry in 1991. Carton is married with four children.

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