Former WFAN Morning Host Craig Carton Found Guilty Of Running Ponzi Scheme
Former 660 WFAN/101.9 WFAN-FM New York morning host Craig Carton was convicted today on three federal charges of securities fraud, wire fraud and conspiracy to commit fraud by running a fraudulent Ponzi scheme to mislead investors in his ticket re-sale business.
Carton, who hosted mornings alongside Boomer Esiason on WFAN from 2007 until resigning in September 2017 following his arrest, took $4.6 million from hedge fund Brigade Capital Management claiming he had access to tickets through resale deals with two companies but used the money to pay off gambling debts and other investors. The emails depicting access to the tickets were proven to be forged. Of Carton’s two associates in the scheme, one pled guilty in September and the other was already incarcerated for running an additional scheme.
Prior to joining WFAN, Carton co-hosted afternoons at “New Jersey 101.5” WKXW, mornings at 102.7 WNEW New York, and various shifts at 610 WIP Philadelphia.