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Former sports talk radio host Craig Carton was convicted of fraud on Wednesday after he ran a multimillion-dollar fraudulent ticket-buying scam.
Craig Harris Carton was born on January 31, 1969, in New Rochelle, New York. In March 2019, Carton revealed that he was a victim of child sexual abuse while at a summer camp . [ 1 ] He graduated from New Rochelle High School and the S. I. Newhouse School of Public Communications at Syracuse University with a degree in broadcast journalism in 1991.
Carton faced up to 45 years in prison after he was convicted last November of conspiracy, wire fraud and securities fraud. Ex-WFAN host Craig Carton sentenced to 42 months for fraud conviction [Video]
During its 10-year run, Boomer and Carton garnered strong ratings, placing first among men ages 25–54. In September 2017, Carton left the program after his arrest and subsequent charges for securities and wire fraud resulting from a ticket Ponzi scheme. The show was temporarily rebranded around Esiason while he served as the sole host.
Ponzi schemes sometimes begin as legitimate investment vehicles, such as hedge funds that can easily degenerate into a Ponzi-type scheme if they unexpectedly lose money or fail to legitimately earn the returns expected. The operators fabricate false returns or produce fraudulent audit reports instead of admitting their failure to meet ...
The ultimate victim of a real estate Ponzi scheme mastermind, who allegedly defrauded millions of dollars from his clients, could turn out to be his own wife of 38 years. The lesson for homeowners ...
Get-rich-quick schemes are extremely varied; these include fake franchises, real estate "sure things", get-rich-quick books, wealth-building seminars, self-help gurus, sure-fire inventions, useless products, chain letters, fortune tellers, quack doctors, miracle pharmaceuticals, foreign exchange fraud, Nigerian money scams, fraudulent treasure hunts, and charms and talismans.
A South Florida woman is being sentenced to 20 years for leading a $190.7M Ponzi scheme — victims were ‘blindsided’ and ‘devastated.’ Here’s how it worked and how to spot similar scams.