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OT: WFAN's Craig Carton Arrested & Suspended

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OT: WFAN's Craig Carton Arrested & Suspended 

Post#1 » by TDcraz5 » Wed Sep 6, 2017 3:57 pm

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http://www.newsday.com/sports/media/wfan-s-craig-carton-arrested-on-federal-charges-reports-say-1.14114237

WFAN sports-talk celebrity Craig Carton was arrested Wednesday and charged with a securities and wire fraud conspiracy in Manhattan federal court in a case involving an alleged multimillion-dollar discount-ticket Ponzi scheme used to pay casino debts.

Carton, who hosts a morning talk show with former NFL quarterback Boomer Esiason, and co-defendant Michael Wright lured investors by falsely claiming they had arrangements with promoters and entertainers to get discounted tickets for resale at a profit, prosecutors alleged.

But in fact, according to a criminal complaint, Carton and Wright had no such arrangement, and used the funds they raised to pay personal debts and to repay prior investors in the scheme.

The government said the scheme also involved an unnamed co-conspirator, referred to as “CC-1,” who is currently charged in Manhattan in a similar ticket reselling scheme. A separate Securities and Exchange Commission complaint filed Wednesday suggested CC-1 was Joseph Meli, a New York man who was charged criminally in January.

The SEC complaint said Carton, Meli and five corporate entities controlled by Carton began the ticket reselling scheme in mid-2016 when Carton had accrued millions in gambling debts to casinos and others individuals.

Carton, the SEC said, used fake agreements for discounted blocks of tickets from artists such as Katy Perry, Justin Bieber, Roger Waters, Metallica and Barbra Streisand to lure investors, with Carton alone ripping off $2 million from one investor and Carton and Meli together ripping off $3.6 million from two investors.

The criminal complaint quoted from emails in which “CC-1,” Wright and Carton discussed cleaning up debts of $1 million, and Wright listed one option as, “Run to Costa Rica, change name and start life all over again” and added, “May not be an option.”

The complaint also quoted emails discussing Carton’s negotiation of $10 million revolving loan fund with a hedge fund in which he used phony purported agreements with a concert promotion company to close the deal, and the men discussed using the loan to repay debts instead of buying tickets.

When the first payment of $700,000 on the deal was wired to the three, Carton wired $200,000 to a casino and wired another $500,000 to an individual who had loaned him money.

They later got the hedge fund to provide an additional $1.9 million, and then had the fund wire $2 million to a sports and entertainment company for tickets — only to then tell the company the money had been wired in error, and have them redirect it to the conspirators.

From there, prosecutors said, $966,000 went to Wright’s bank account and $700,000 to Carton, which he used to pay debts to casinos.

“Craig Carton and Michael Wright deceived investors and raised millions of dollars through misrepresentation and outright lies,” said Acting Manhattan U.S. Attorney Joon Kim. “ . . . Behind all the talk, the Wright and Carton show was just a sham designed to fleece investors.”

Carton, 48, of New York City, and Wright, 41, of Upper Saddle River, N.J., both face up to 45 years in prison. They are expected to appear in court later Wednesday. CBS Radio, the parent company of WFAN, issued a statement that read, “We are aware of the situation and are cooperating with authorities.”

Before coming to WFAN, Carton made a name for himself at a station in central New Jersey. The show has been a morning staple on WFAN since 2007. Esiason addressed the situation on Wednesday’s show.

“I am aware now why Craig is not here this morning. Unfortunately, he was arrested this morning,” Esiason said. “Over here at the station they’re aware of it as well. They’re cooperating with authorities. I’m taken aback by it and surprised, just like I’m sure everybody else is. I have no other information. There’s nothing else I can say . . .

“So I guess there will be more news to come, I’m sure, from somewhere, but it’s not going to come from me, because I don’t have any. That’s all there is about that. Not easy.”

Carton and Esiason consistently have rated No. 1 in the New York market among men ages 25 to 54, the key demographic by which sports radio stations measure their success. Monday was the 10th anniversary of their first show together, as the replacement for the long-running “Imus in the Morning.” Carton noted at the start of Tuesday’s show that it marked the beginning of their 11th year together.

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Re: OT: Craig Carton Arrested 

Post#2 » by IllmaticHandler » Wed Sep 6, 2017 4:01 pm

LOL. I hate this dude so no sympathy and is glad to see a fraud exposed. All these years he was doing criminal activityl, but acted like he was on a high horse...smh. LOLOLOLOOL.
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Re: OT: Craig Carton Arrested 

Post#3 » by TDcraz5 » Wed Sep 6, 2017 4:01 pm

Wow... Carton is screwed :o :nonono:
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Re: OT: Craig Carton Arrested 

Post#4 » by Polk377 » Wed Sep 6, 2017 4:01 pm

TDcraz5 wrote:Image


http://www.newsday.com/sports/media/wfan-s-craig-carton-arrested-on-federal-charges-reports-say-1.14114237

WFAN sports-talk celebrity Craig Carton was arrested Wednesday and charged with a securities and wire fraud conspiracy in Manhattan federal court in a case involving an alleged multimillion-dollar discount-ticket Ponzi scheme used to pay casino debts.

Carton, who hosts a morning talk show with former NFL quarterback Boomer Esiason, and co-defendant Michael Wright lured investors by falsely claiming they had arrangements with promoters and entertainers to get discounted tickets for resale at a profit, prosecutors alleged.

But in fact, according to a criminal complaint, Carton and Wright had no such arrangement, and used the funds they raised to pay personal debts and to repay prior investors in the scheme.

The government said the scheme also involved an unnamed co-conspirator, referred to as “CC-1,” who is currently charged in Manhattan in a similar ticket reselling scheme. A separate Securities and Exchange Commission complaint filed Wednesday suggested CC-1 was Joseph Meli, a New York man who was charged criminally in January.

The SEC complaint said Carton, Meli and five corporate entities controlled by Carton began the ticket reselling scheme in mid-2016 when Carton had accrued millions in gambling debts to casinos and others individuals.

Carton, the SEC said, used fake agreements for discounted blocks of tickets from artists such as Katy Perry, Justin Bieber, Roger Waters, Metallica and Barbra Streisand to lure investors, with Carton alone ripping off $2 million from one investor and Carton and Meli together ripping off $3.6 million from two investors.

The criminal complaint quoted from emails in which “CC-1,” Wright and Carton discussed cleaning up debts of $1 million, and Wright listed one option as, “Run to Costa Rica, change name and start life all over again” and added, “May not be an option.”

The complaint also quoted emails discussing Carton’s negotiation of $10 million revolving loan fund with a hedge fund in which he used phony purported agreements with a concert promotion company to close the deal, and the men discussed using the loan to repay debts instead of buying tickets.

When the first payment of $700,000 on the deal was wired to the three, Carton wired $200,000 to a casino and wired another $500,000 to an individual who had loaned him money.

They later got the hedge fund to provide an additional $1.9 million, and then had the fund wire $2 million to a sports and entertainment company for tickets — only to then tell the company the money had been wired in error, and have them redirect it to the conspirators.

From there, prosecutors said, $966,000 went to Wright’s bank account and $700,000 to Carton, which he used to pay debts to casinos.

“Craig Carton and Michael Wright deceived investors and raised millions of dollars through misrepresentation and outright lies,” said Acting Manhattan U.S. Attorney Joon Kim. “ . . . Behind all the talk, the Wright and Carton show was just a sham designed to fleece investors.”

Carton, 48, of New York City, and Wright, 41, of Upper Saddle River, N.J., both face up to 45 years in prison. They are expected to appear in court later Wednesday. CBS Radio, the parent company of WFAN, issued a statement that read, “We are aware of the situation and are cooperating with authorities.”

Before coming to WFAN, Carton made a name for himself at a station in central New Jersey. The show has been a morning staple on WFAN since 2007. Esiason addressed the situation on Wednesday’s show.

“I am aware now why Craig is not here this morning. Unfortunately, he was arrested this morning,” Esiason said. “Over here at the station they’re aware of it as well. They’re cooperating with authorities. I’m taken aback by it and surprised, just like I’m sure everybody else is. I have no other information. There’s nothing else I can say . . .

“So I guess there will be more news to come, I’m sure, from somewhere, but it’s not going to come from me, because I don’t have any. That’s all there is about that. Not easy.”

Carton and Esiason consistently have rated No. 1 in the New York market among men ages 25 to 54, the key demographic by which sports radio stations measure their success. Monday was the 10th anniversary of their first show together, as the replacement for the long-running “Imus in the Morning.” Carton noted at the start of Tuesday’s show that it marked the beginning of their 11th year together.

With Neil Best

I was just about to post this. I have never been a fan of Carton' s because he has always come off as a smug jerk. I can't wait to see if Peter Rosenberg goes in on him today on the Michael Kay Show since he has been talking trash about him for a while now.
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Re: OT: WFAN's Craig Carton Arrested 

Post#5 » by Mecca » Wed Sep 6, 2017 4:05 pm

GOOD. Hate this racist clown. Dude isn't knowledgeable or funny. WFAN is trash.
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Re: OT: WFAN's Craig Carton Arrested 

Post#6 » by IllmaticHandler » Wed Sep 6, 2017 4:07 pm

Mecca wrote:GOOD. Hate this racist clown. Dude isn't knowledgeable or funny. WFAN is trash.



My dude Im loving this. I usally would never wish Jail on someone, but I will break my rule for this bitch.
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Re: OT: WFAN's Craig Carton Arrested 

Post#7 » by Mecca » Wed Sep 6, 2017 4:09 pm

IllmaticHandler wrote:
Mecca wrote:GOOD. Hate this racist clown. Dude isn't knowledgeable or funny. WFAN is trash.



My dude Im loving this. I usally would never wish Jail on someone, but I will break my rule for this bitch.


Dude has teetered the line for years. I called him around 6 months ago arguing about Kaepernick and he threw me off the air because he couldn't handle facts. Justice served now.
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Re: OT: WFAN's Craig Carton Arrested 

Post#8 » by HarthorneWingo » Wed Sep 6, 2017 4:13 pm

I stopped listening to these clowns years ago and haven't looked back since.

I just don't get it. You have the no. 1-morning show in NYC with former Jets QB Boomer Esiason, but that's not enough? How did he not think he would get caught? I believe Carton has mental issues for which he receives treatment. Maybe he went off his meds? Crazy chit.

Dude was making $250,000/year plus endorsements. But he's got a gambling disease. I wonder if his wife left him?
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Re: OT: WFAN's Craig Carton Arrested 

Post#9 » by Jay10 » Wed Sep 6, 2017 4:13 pm

Mike Francesa's show should be entertaining, whether it's from mike himself or the callers commenting on this. :lol:

Did Keith Olbermann throw any haymakers Carton's way yet?

Read on Twitter


:lol: @ keith olbermann after all these years of being attacked by Carton finally got the last laugh.
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Re: OT: WFAN's Craig Carton Arrested 

Post#10 » by HarthorneWingo » Wed Sep 6, 2017 4:14 pm

Jay10 wrote:Mike Francesa's show should be entertaining, whether it's from mike himself or the callers commenting on this. :lol:


My guess is that Mike will stay away from it and refuse to take calls on it.
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Re: OT: WFAN's Craig Carton Arrested 

Post#11 » by Jay10 » Wed Sep 6, 2017 4:15 pm

HarthorneWingo wrote:
Jay10 wrote:Mike Francesa's show should be entertaining, whether it's from mike himself or the callers commenting on this. :lol:


My guess is that Mike will stay away from it and refuse to take calls on it.


you know people are going to say they want to speak on one thing, and before they hang up they are going to bring this up.
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Re: OT: WFAN's Craig Carton Arrested 

Post#12 » by R-DAWG » Wed Sep 6, 2017 4:22 pm

HarthorneWingo wrote:
Jay10 wrote:Mike Francesa's show should be entertaining, whether it's from mike himself or the callers commenting on this. :lol:


My guess is that Mike will stay away from it and refuse to take calls on it.


Caw-ton is a yuge clown, ok. Running a porn z skeem. Uttah disatah. Back aftah dis.
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Re: OT: WFAN's Craig Carton Arrested 

Post#13 » by Icandoallthings » Wed Sep 6, 2017 4:23 pm

People under 50 still listen to Mike Francesa? I honestly have a hard time believing it. To each his own.
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Re: OT: WFAN's Craig Carton Arrested 

Post#14 » by GEOLINK » Wed Sep 6, 2017 4:29 pm

If you listened or watched the show in past year you can tell something was off about Carton. Things got to a boiling point this summer as well (showing up late to the show, talking about having sleeping problems, and looking like crap on TV) and now this happens. It all makes sense now.

Pretty crazy news.
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Re: OT: WFAN's Craig Carton Arrested 

Post#15 » by HarthorneWingo » Wed Sep 6, 2017 4:32 pm

R-DAWG wrote:
HarthorneWingo wrote:
Jay10 wrote:Mike Francesa's show should be entertaining, whether it's from mike himself or the callers commenting on this. :lol:


My guess is that Mike will stay away from it and refuse to take calls on it.


Caw-ton is a yuge clown, ok. Running a porn z skeem. Uttah disatah. Back aftah dis.


C'mawn, I've been doin dis for dirty yeahs.
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Re: OT: WFAN's Craig Carton Arrested 

Post#16 » by R-DAWG » Wed Sep 6, 2017 4:33 pm

Icandoallthings wrote:People under 50 still listen to Mike Francesa? I honestly have a hard time believing it. To each his own.


Mike has, or at least had, a big following in the 20-25 age range demographic - the twitter accts, francesacon, ect. It seems like that has really cooled down over the past few years as that age group, who grew up with Mike and Dog as teenagers, has gotten older and moved into the real world.

I listened to Mike almost every day while in undergrad - 2006-2010 and grad schools 2013-2014. When I started my first job after grad I would listen online but that quickly ended.
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Re: OT: WFAN's Craig Carton Arrested 

Post#17 » by HarthorneWingo » Wed Sep 6, 2017 4:33 pm

Icandoallthings wrote:People under 50 still listen to Mike Francesa? I honestly have a hard time believing it. To each his own.


Who else is there to listen to? Stephen A. Smith?
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Re: OT: WFAN's Craig Carton Arrested 

Post#18 » by R-DAWG » Wed Sep 6, 2017 4:34 pm

HarthorneWingo wrote:
R-DAWG wrote:
HarthorneWingo wrote:
My guess is that Mike will stay away from it and refuse to take calls on it.


Caw-ton is a yuge clown, ok. Running a porn z skeem. Uttah disatah. Back aftah dis.


C'mawn, I've been doin dis for dirty yeahs.


Hey Mike, do you think Aaron will be the Judge during the Carton case.

"Get lawst, youah fool. You know I actually know the judge who will be hearing the case"
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Re: OT: WFAN's Craig Carton Arrested 

Post#19 » by MrDollarBills » Wed Sep 6, 2017 4:35 pm

i come in peace. while I don't wish jail on anyone (who doesn't deserve it), I can't help but crack up at how this dude for years talked trash about everyone and behind the scenes was nothing more than a scam artist.

https://www.scribd.com/document/358173792/Carton-Wright-Signed-Complaint

^that's the FBI complaint against him, its a hell of a read to see just how far this dude had gone off the rails and how sloppy he was at that. Two of the three counts including wire fraud and securities fraud carry sentences of 20 years apiece. Those nights in fed lock up will be cold and long, that's for sure.
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Re: OT: WFAN's Craig Carton Arrested 

Post#20 » by Huey Freeman » Wed Sep 6, 2017 4:38 pm

Stacy Keach wrote:Enter a world where crime pays well...until you get caught.


This will be a future episode of...
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