Wednesday, September 6, 2017

Carton's Sucker Bet: WFAN Radio Host Craig Carton Arrested in Multi-Million Dollar Ticket Scheme to Cover Gambling Debts

What a weasel!  I never was a fan of Craig Carton, I always thought he was over-rated as a sports talk host.
  But, I didn't know how much of a degenerate gambler he was. 

Mediaite report Craig Carton — a prominent New York-based sports talk radio host — was arrested on federal charges of wire and securities fraud for his alleged role in a multi-million dollar scam to sell concert tickets he never possessed.

According to Sports Illustrated, Carton allegedly defrauded a hedge fund, Brigade Capital Management, out of $4.6 million. Carton and an alleged co-conspirator, Joseph Meli, represented that they had blocks of sought after concert tickets which they could sell at a significant markup. They did not have or obtain these tickets. Carton, instead, is alleged to have paid off heavy gambling debts.

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