Fog/Mist 40°
Tag:

FNTSY Sports Network

News
Area Native, Ex-WFAN Radio Host Craig Carton Found Guilty Of Ponzi Scheme Area Native, Ex-WFAN Radio Host Craig Carton Found Guilty Of Ponzi Scheme
Area Native, Ex-wfan Radio Host Craig Carton Found Guilty Of Ponzi Scheme After just a weeklong trial, former WFAN sports talk personality and Westchester native Craig Carton has been found guilty on all counts in his fraud trial. The 49-year-old Carton, who grew up in New Rochelle, was found guilty of wire fraud, securities fraud and conspiracy for his role in a Ponzi scheme, which was aimed with an eye toward clearing gambling debt. The scheme was tied to a fake ticket scam. The trial kicked off last week on Oct. 31. Carton now faces up to 45 years in prison following the conviction. He remains released on bail. “The government is dead wrong. The government ha…

SHARE

by Zak Failla
News
Area Native, Ousted WFAN Radio Host Craig Carton's Trial Underway Area Native, Ousted WFAN Radio Host Craig Carton's Trial Underway
Area Native, Ousted Wfan Radio Host Craig Carton's Trial Underway Westchester native and former WFAN sports talk personality Craig Carton’s fraud trial has started this week. The 48-year-old Carton, who grew up in New Rochelle, has been charged with wire fraud, securities fraud and conspiracy for his role in an alleged Ponzi scheme, which was allegedly aimed with an eye toward clearing gambling debt. The scheme was tied to a fake ticket scam. In his opening statement, Assistant U.S. Attorney Brendan Quigley said that Carton diverted the money to pay for gambling debt and personal expenses. Carton’s lawyers have reportedly said he is the victim of an alleg…

SHARE

by Zak Failla