Former WFAN host Craig Carton convicted on fraud charges

Mike Montone
November 07, 2018 - 3:34 pm
Craig Carton

(Photo by Lars Niki/Getty Images for BMG )

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NEW YORK (1010 WINS) -- Former sports radio host Craig Carton has been found guilty in a multimillion-dollar fake ticket scam.

Carton stepped down from his gig as co-host of the WFAN show Boomer & Carton shortly after being arrested on securities and wire fraud charges last September.

The scam involved tricking investors into paying for a fake discount ticket brokerage Ponzi scheme.

Carton did not testify at trial, but evidence showed he bought and resold small blocks of tickets before taking over $4 million which was used to pay off gambling debts and prior investors.

Among his investors was Brigade Capital. The hedge fund invested $4.6 million which an official testified was only for tickets. They said Carton claimed he had access to a promoter and arena operator that could supply large blocks of tickets, Newsday reported.

Executives from Nassau Coliseum and Barclays Center said emails Carton gave to his investors were altered or completely invented -- including a fabricated agreement to buy $2 million worth of tickets for Barbara Streisand and Metallica shows.

Carton's lawyers argued that he had been duped by Brooklyn Sports and Entertainment execs Fred Mangione and Brett Yormark, and that his 'anxiety' about his business drove him to tell lies.

An alleged co-conspirator Michael Wright took a guilty plea in the case, and Joseph Mell is serving time in a separate case.

Carton was convicted of conspiracy, securities fraud, and wire fraud.