Ex-WIP host Craig Carton charged with investment fraud in $5.6 million ticket scam
Former 610WIP weekend radio host Craig Carton, 48, who has cohosted the Boomer and Carton show on WFAN in New York since 2007, was arrested early Wednesday on investment-related fraud charges, allegedly for bilking people out of $5.6 million, according to federal prosecutors.
The charges stemmed from a fake-ticket scam that Carton and business partner Michael Wright allegedly ran. In a plot that sounds like something out of Mel Brooks’ The Producers, the two allegedly operated a discount-ticket broker business that didn’t exist.
The New York Daily News reported that Carton began the scam after running up millions in gambling debts to casinos and to an unnamed individual.
Carton’s “business” involved reselling tickets to popular concerts, but he had no agreements with concert promoters or venues to get the tickets, the Securities and Exchange Commission alleged.
Read more: http://www.philly.com/philly/news/crime/craig-carton-arrest-fraud-wfan-wip-fake-tickets-20170906.html
