Craig Carton, a former New York City sports talk radio host, was convicted Wednesday in federal court after running a multimillion-dollar fraudulent Ponzi scheme related to a ticket-selling scam, according to Newsday.
Carton, who long hosted the “Boomer & Carton” sports talk radio show with former NFL quarterback Boomer Esiason on WFAN in New York, was arrested last year and convicted Wednesday of conspiracy, securities fraud and wire fraud.
According to the report, jurors announced their guilty verdict on the second day of deliberation in the week-long trial, and found that Carton “used deceit” to raise more than $4 million to buy blocks of event tickets that he then resold at a profit.
Prosecutors proved that Carton, 49, and two partners — Michael Wright, who has pleaded guilty, and Joseph Meli, who is in prison for a different Ponzi scheme — used millions of dollars from investors not to buy tickets like he said, but to rather pay casinos, gambling debts, a landscaper who worked on Carton’s house and previous investors.
“I need to let it sink in now,” Carton told Newsday on Wednesday. “I’ll have nothing else to say other than my plans. … I’m going to go home and hug my kids and let my lawyers deal with the rest of it.”
Carton’s sentencing hearing has been set for February 27, 2019. His lawyers said they plan to appeal the ruling.
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