WFAN's Craig Carton Charged in Ticket Ponzi Scheme to Pay Debts

[laserhaas]

Source: CNN

In the world of New York sports radio, Craig Carton is known as the quick-witted, unpredictable, top-rated co-host of a morning drive-time show that moves quickly from football to family life to sports betting. Federal prosecutors say he’s also a Ponzi schemer.

Carton was arrested Wednesday and charged with ripping off investors of millions of dollars in an alleged scam that involved buying and and selling tickets to concerts by Adele, Katy Perry, Justin Bieber and Barbra Streisand. U.S. regulators said he used the money to pay off gambling debts.

The arrest is the latest in a widening probe of alleged fraud in the ticket-resale industry. Carton, who has hosted the WFAN radio show with former NFL quarterback Boomer Esiason since 2007, is the biggest name implicated to date. Esiason isn’t accused of wrongdoing.

Read more: https://www-bloomberg-com.cdn.ampproject.org/c/s/www.bloomberg.com/amp/news/articles/2017-09-06/sports-radio-s-craig-carton-is-arrested-on-white-collar-charge

[Yavin4]

1. What an idiot.

He's a man of very limited talent who is making millions of dollars doing something that a lot of podcasters do for free, and yet he still cannot maintain even a modicum of personal discipline.

I don't know if he supported Trump or not, but people like him are Trump's core support. Less than mediocre talent who want millions of dollars doing something easy, but still doing shady shit on the side.

[laserhaas]

2. About sums it all up...Yup

[Initech]

3. Ticket reselling is a giant ponzi scheme.

Hopefully his capture will mean there are others participating in this crap.