CBS Radio Sports 660 WFAN/101.9 WFAN-FM New York has accepted the resignation of morning host Craig Carton a week after he was arrested by the FBI on charges of running a ponzi scheme.

Carton released the following statement:

“For 10 years I’ve had the great privilege of showing up to work every day at my dream job. I have nothing but love and respect for my co-host, the show and the entire CBS Radio family and I’ve always tried to represent them in the best possible light.

Unfortunately, the unfounded legal issues currently plaguing me will only be a distraction to everyone at WFAN and the show I helped build. With that in mind, I have submitted my resignation to the station and they accepted. I am sad to see this chapter of my life close but know that it will allow me to focus on my family, my well-being and clearing my name, while giving the show the best opportunity to succeed without further disruption.

I’ve always felt a personal connection to our listeners and want to thank them for making me a part of their daily routine. I hope they can respect the fact that as much as I want to talk about the allegations against me I can’t at this time. There will come a time when I will be able to speak directly about the case and I hope our listeners will be there.

From the bottom of my heart, I’d like to thank my family, friends, listeners and especially the executives at WFAN and CBS Radio for their continued understanding and for giving me the most amazing platform to do what I love to do the most, besides being with my family.”

CBS followed with a brief release acknowledging his decision:

“WFAN has accepted Craig Carton’s resignation. We appreciate all of his contributions over the last decade and wish him and his family well during this next phase. We are especially grateful to our dedicated employees, sponsors and listeners for their continued support of THE FAN. The search for a replacement co-host for the morning show will begin immediately.”

CBS immediately suspended Carton following the arrest with former New York Giants quarterback/CBS NFL analyst Phil Simms and morning update anchor Jerry Recco among those filling in alongside partner Boomer Esiason.

Carton & Esiason joined WFAN in 2007 to replace Don Imus following his firing. Prior to joining WFAN Carton co-hosted afternoons at “New Jersey 101.5” WKXW Trenton and also worked at WGR Buffalo, WWWE Cleveland, KKFN Denver, WIP Philadelphia, and WNEW-FM New York.