Craig carton arrested by FBI

[kelly]

3 minutes ago, kelly said:

it is. he's " gonna do time "..

 

 

 

[JoJoTownsell1]

23 minutes ago, Bruce Harper said:

I like to gamble as much as the next guy but I have a hard time understanding how a guy making 250k runs up 5.4 million in gambling debts.  And none of his co-workers or bosses had an inkling of what was going on?

I would guess this is pretty common. Gambling addicts can run up huge debts, especially when they are famous and casnios etc.. will extend them greater lines of credit based solely on their rep. As for co-workers not knowing, that isn't too shocking either. Unless Carton tells them about it, how would  they know how he does at a random blackjack table or with a local bookie? 

The funniest part is that Carton always gives out "lock" bets and acts like an expert on sports gambling, meanwhile, he clearly isn't any more knowledgeable than the average idiot on the street. We may have seen the last of Carton on WFAN. 

[glenn31]

1 hour ago, Super Bowl before I die said:

Real nice to kick a guy when he's down.

TIL that there are Jets fans that look back at the highly ineffective & chock full O' losses Boomer Esiason era with fondness to the point that if you tell the truth about it they'll actually give you neg rep... Interesting.

As for the quoted, dude are you serious? The only people who are "down" from this situation are the scammed victims, not the dirt bag who was scamming them. IF he did it, then hopefully he's kicked further below his victims. Regardless this gets him off the air where his passé & forced shock jock act contribute nothing. I don't know anyone personally who has a problem with that.

[glenn31]

12 minutes ago, Tinstar said:

Take door #1, and if the person you ratted on was that important, you might not see 10 days .

Find yaself on that snitch repayment plan a la Signore Bonpensiero or Jimmy Altieri.

[batman10023]

1 hour ago, Sperm Edwards said:

Uh, I'm pretty sure the whole threatening of someone with violence/death thing is a factor in the former. You don't get 10 years for making your finger look like a fake gun in your pocket.

If it makes you feel any better, which it should, I'm sure his career is ruined, on top of surely having to pay the money back - plus possibly damages on top of that - and further pay some decent coin for his expensive lawyers. This isn't like getting caught scalping tickets outside the stadium either. The FBI arrested him -- he's f***ed. Hopefully. 

of course there are differences - but i believe you can see that white collar crime isn't procecuted as hard.  probably due to good lawyers.  

[batman10023]

39 minutes ago, Bruce Harper said:

I like to gamble as much as the next guy but I have a hard time understanding how a guy making 250k runs up 5.4 million in gambling debts.  And none of his co-workers or bosses had an inkling of what was going on?

guy was giving out gambling advice on his show and millions of dollars in debt due to bad gambling.... feel bad for folks that followed his advice!

[kelly]

3 minutes ago, batman10023 said:

guy was giving out gambling advice on his show and millions of dollars in debt due to bad gambling.... feel bad for folks that followed his advice!

 

[Sperm Edwards]

21 minutes ago, batman10023 said:

of course there are differences - but i believe you can see that white collar crime isn't procecuted as hard.  probably due to good lawyers.  

Or because violent crimes and those involving deadly weapons are considered more serious than a proportional level of fraud. Just like the seriousness and fallout/result of the stickup are considered, the dollar amounts involved are factored in (as they should be). Running a little pyramid scheme to freshmen on campus, where dopes buy $10 boxes or something, isn't as serious as this; just as this Ponzi scheme isn't as serious as the one by Madoff, whose 150 year sentence was a lot more than a sentence one gets for knocking over a 7-11. 

Also his combined max is a whole lot more than 5 years, though it's common to have them running concurrently since people can't live for an infinite number of years to carry out the sentences non-concurrently, so in a sense - and it happens with violent serial criminals as well - some of the crimes just end up being freebies:

Quote

 

CARTON, 48, of New York, New York, and WRIGHT, 41, of Upper Saddle River, New Jersey, are each charged with one count of conspiracy to commit securities fraud and wire fraud, one count of wire fraud, and one count of securities fraud. The conspiracy count carries a maximum sentence of five years in prison and a maximum fine of $250,000, or twice the gross gain or loss from the offense. The securities fraud count carries a maximum sentence of 20 years in prison and a maximum fine of $5 million, or twice the gross gain or loss from the offense. The wire fraud count carries a maximum sentence of 20 years in prison and a maximum fine of $250,000 or twice the gross gain or loss from the offense. The maximum potential sentences in this case are prescribed by Congress and are provided here for informational purposes only, as any sentencing of the defendants will be determined by the judge.

 

The answer is don't be a criminal. 

[HighPitch]

Total scummy move. And to thi k he had that nice 250k salary

[C Mart]

55 minutes ago, Bruce Harper said:

I like to gamble as much as the next guy but I have a hard time understanding how a guy making 250k runs up 5.4 million in gambling debts.  And none of his co-workers or bosses had an inkling of what was going on?

$250k for a highly rated drive time morning show on WFAN/NYC seems awful low. 

[Rangers9]

I was always surprised how popular their show was. I found Carton to be unlistenable. I don't like the shock jock style of his.  I had no problem with Boomer. I did see Carton once at Jets training camp at Hofstra right after Brett Favre was signed. He went there to do a remote. He was a nice guy and personable with the fans. Looks like he's in big time trouble. 

[C Mart]

37 minutes ago, JoJoTownsell1 said:

I would guess this is pretty common. Gambling addicts can run up huge debts, especially when they are famous and casnios etc.. will extend them greater lines of credit based solely on their rep. As for co-workers not knowing, that isn't too shocking either. Unless Carton tells them about it, how would  they know how he does at a random blackjack table or with a local bookie? 

The funniest part is that Carton always gives out "lock" bets and acts like an expert on sports gambling, meanwhile, he clearly isn't any more knowledgeable than the average idiot on the street. We may have seen the last of Carton on WFAN. 

I'd say that's safe to say.

Barclays still has the Boomer & Carton Kitchen (although I'd guess not for long). 

I can't see Boomer wanting his name attached to anything to do w/Carton again

JMO I don't think anyone on the show directly knew about this but I don't think any are surprised something like this could happen with him. Maybe not to this degree but you could tell he had demons.  

Hate to bring it up but what about his charity he setup. Have to hope he hasn't tapped into that. 

[C Mart]

A second lawsuit filed against Carton this past May accused him of skipping out on $114,116.13 in rent on a Soho business office leases under the name Advance — one of his bogus ticket-selling companies.

http://www.nydailynews.com/sports/more-sports/craig-carton-boomer-carton-co-host-arrested-fbi-article-1.3473530

[Sperm Edwards]

5 minutes ago, C Mart said:

$250k for a highly rated drive time morning show on WFAN/NYC seems awful low. 

That was my first thought as well. But ultimately, far more than fame or audience size, it comes down to how much advertisers are willing to pay to air during his show. If the station can sell a commercial spot for crazy money (above what the station would get in his absence), then the show's hosts command crazy money. 

The answer is I guess the show doesn't drive that crazy kind of revenue, or anyway not enough that the station is worried about advertisers dramatically pulling spending with some other host in his place. 

[Bugg]

1 minute ago, Sperm Edwards said:

That was my first thought as well. But ultimately, far more than fame or audience size, it comes down to how much advertisers are willing to pay to air during his show. If the station can sell a commercial spot for crazy money (above what the station would get in his absence), then the show's hosts command crazy money. 

The answer is I guess the show doesn't drive that crazy kind of revenue, or anyway not enough that the station is worried about advertisers dramatically pulling spending with some other host in his place. 

With the internet, podcasts, music and radio on phone apps and Sirius, traditional radio might not be all that lucrative any more. There is free content everywhere. Which, along with a serious gambling problem, led this guy to crazy schemes like this. Would bet (irony!)  the next shoe to drop is his charity is a scam. 

[ChuckkieB]

I think they were genuinely good friends so Boomer must have known, right?  I wonder if he ever lent Carton money to repay a debt. Those feds are thorough so Boomer better hope his name isn't uncovered somewhere in this dumpster fire. 

[flgreen]

31 minutes ago, C Mart said:

$250k for a highly rated drive time morning show on WFAN/NYC seems awful low. 

Unless your Rush, there isn't much money in talk radio.  Print media either.

[Sperm Edwards]

12 minutes ago, Bugg said:

With the internet, podcasts, music and radio on phone apps and Sirius, traditional radio might not be all that lucrative any more. There is free content everywhere. Which, along with a serious gambling problem, led this guy to crazy schemes like this. Would bet (irony!)  the next shoe to drop is his charity is a scam. 

Like I was saying, just because he's that famous doesn't mean the station takes in crazy money anymore (or that much more than they'd get with some other outrageous loudmouth in his place). 

[drsamuel84]

9 minutes ago, Sperm Edwards said:

Like I was saying, just because he's that famous doesn't mean the station takes in crazy money anymore (or that much more than they'd get with some other outrageous loudmouth in his place). 

I have a hard time believing Boomer is waking up every morning at 4:00am for $250k a year especially with all his other jobs.

[Bugg]

18 minutes ago, ChuckkieB said:

I think they were genuinely good friends so Boomer must have known, right?  I wonder if he ever lent Carton money to repay a debt. Those feds are thorough so Boomer better hope his name isn't uncovered somewhere in this dumpster fire. 

How well do you know the people you work with, really? Are they really friends, or is that a business arrangement? Doesn't mean they hate each other but it's work.  As a retired NFL QB, Esiason is probably very used to crazy schemes coming his way often and that means saying no all the time. Can say I saw Esiason's foundation for his son's disease up close this past June and it appeared to be very well run. 

[Lizard King]

4 minutes ago, drsamuel84 said:

I have a hard time believing Boomer is waking up every morning at 4:00am for $250k a year especially with all his other jobs.

That was my thought too. Boomer probably makes more. 

[SAR I]

2 hours ago, C Mart said:

It's shocking but not surprising considering the way he talked about gambling. 

I listen to the show an hour each day on the commute to work and Carton's constant talking about gambling as if it's so commonplace and everyone does it always led me to believe he was a bigtime gambler.  I never knew why WFAN let him riff on the subject all-in probably 2 hours a week. 

I like the show, mostly for Boomer and Recco, but turned it off whenever a gambling segment came up as it didn't interest me and I felt it was as wrong as someone talking about the benefits of smoking or alcoholism.

I feel for his young family.  Finanically ruined and ridiculed.  They don't deserve what's coming.  Not to mention the FAN-  losing their 2 top shows to retirement and lawlessness, this could take them down.

SAR I

[Sperm Edwards]

10 minutes ago, drsamuel84 said:

I have a hard time believing Boomer is waking up every morning at 4:00am for $250k a year especially with all his other jobs.

1. Who says he is? That's Carton's salary.

2. More than the money, it helps to keep Boomer relevant. If he gets booted from NFL pregame/Halftime Report type gigs like he got booted from MNF, he's still in the public eye.

3. He may just enjoy doing it. He gets to go on & on with a big audience for his boring stories and further promote his Gunnar foundations in a way he simply can't on a gameday gig as part of a 5-man roundtable during pregame & halftime.

[Jack Straw]

Good to see the SEC busting crooks looting $5mm from schmucks while guys like Bernie Madoff, who was reported to the SEC over and over again, make off with $20 billion.

[Kleckineau]

2 hours ago, Bruce Harper said:

No DA involved.  Federal prosecutions are in a different category.  And there are MANDATORY sentencing guidelines.

I see so his only hope is if his lawyers can sell any inside info to the feds Carton may know about bigger fish or if a jury feels pity for the father of 4 with a gambling addiction.

[The Crusher]

4 minutes ago, SAR I said:

I listen to the show an hour each day on the commute to work and Carton's constant talking about gambling as if it's so commonplace and everyone does it always led me to believe he was a bigtime gambler.  I never knew why WFAN let him riff on the subject all-in probably 2 hours a week. 

I like the show, mostly for Boomer and Recco, but turned it off whenever a gambling segment came up as it didn't interest me and I felt it was as wrong as someone talking about the benefits of smoking or alcoholism.

I feel for his young family.  Finanically ruined and ridiculed.  They don't deserve what's coming.  Not to mention the FAN-  losing their 2 top shows to retirement and lawlessness, this could take them down.

SAR I

I pay too much in taxes to gamble. I too feel for the guys family. Selfish. At some point gotta be honest with yourself and get help. 

[C Mart]

5 hours ago, SAR I said:

I listen to the show an hour each day on the commute to work and Carton's constant talking about gambling as if it's so commonplace and everyone does it always led me to believe he was a bigtime gambler.  I never knew why WFAN let him riff on the subject all-in probably 2 hours a week. 

I like the show, mostly for Boomer and Recco, but turned it off whenever a gambling segment came up as it didn't interest me and I felt it was as wrong as someone talking about the benefits of smoking or alcoholism.

I feel for his young family.  Finanically ruined and ridiculed.  They don't deserve what's coming.  Not to mention the FAN-  losing their 2 top shows to retirement and lawlessness, this could take them down.

SAR I

Agree. I always thought at the very least he was opening up himself to an IRS audit. 

Like you, I like Boomer, Recco, Eddie & Al. Have to hope Al survives this. He's tied in showwise w/CC. 

and agree regarding his family. They didn't do this

[Maxman]

1 hour ago, C Mart said:

$250k for a highly rated drive time morning show on WFAN/NYC seems awful low. 

I was thinking the exact same thing. Couldn't believe he wasn't making like $700k.

[C Mart]

Maybe he gave up CC?

Promoter busted for running ‘Hamilton’ Ponzi scheme

By Kaja Whitehouse

January 28, 2017

A Manhattan concert promoter who has boasted of putting on shows for Billy Joel and Sting was busted Friday for an alleged fraud involving Broadway’s hit musical “Hamilton.”

Joseph Meli, of Advance Entertainment, tricked wealthy investors into handing him millions of dollars because they believed he had an exclusive deal with the producer of “Hamilton” to buy tickets in bulk, which he said he would sell for a profit, Manhattan federal prosecutors said Friday.

In reality there was no deal, and Meli and his co-conspirators spent the money on jewelry, private-school tuitions, at casinos and to repay other investors, the feds said.

Meli also led investors to believe their money would go toward putting on an Adele concert, according to a parallel case. The judge granted Meli bail after his lawyer, Michael Bowen, said he was draining his bank account to pay his lawyers.

http://nypost.com/2017/01/28/promoter-busted-for-running-hamilton-ponzi-scheme/

[Flushing Roots]

Terrible he did this to his family not to mention his investors.  Always thought he was a certified a-hole.  This proves it.

[Lupz27]

Carton seemed to have multiple serious mental conditions, he never slept, his ADHD is off the charts bad, among others he has divulged, and some he hasn't, or didn't realize he had.  These type of issues usually lead to serious gambling issues, and/or drug issues, and medications can make compulsive gambling worse. 

Now none of this excuses what he did, but can be used to view how I can see him ending up in such a situation.

[drsamuel84]

A lot of piling on in this thread and tbh some well deserved since he as quick to call people out on air and did make some enemies.  At the same time he's also done a lot of good with some of his charity events.  I think as others have said he's just someone with a lot of demons who always seems to find trouble.  A lot of people would kill for his life, making really good money (Sorry I just don't believe the $250k number probably closer to a $1 million), talking sports, only working 4 hours a day, getting a ton of vacation time.  So it's easy to hate on him out of jealousy but at the same time he's a human with a family and children old enough to understand what's happening so at the end of the day this is just a sad situation and while he did this to himself you have to feel for his family.

[JoJoTownsell1]

1 hour ago, C Mart said:

I'd say that's safe to say.

Barclays still has the Boomer & Carton Kitchen (although I'd guess not for long). 

I can't see Boomer wanting his name attached to anything to do w/Carton again

JMO I don't think anyone on the show directly knew about this but I don't think any are surprised something like this could happen with him. Maybe not to this degree but you could tell he had demons.  

Hate to bring it up but what about his charity he setup. Have to hope he hasn't tapped into that. 

I've known gambling degenerates like carton and if I was involved in that charity I would be hiring a forensic accountant to make sure Carton didn't do anything shady. It's going to be very hard for Carton to come back from this.  

[Jetster]

30 minutes ago, The Crusher said:

I pay too much in taxes to gamble. I too feel for the guys family. Selfish. At some point gotta be honest with yourself and get help. 

Years ago I had a friend who lived in Vegas, back in 82. Lost $40 in like 2 minutes & I was like "I work to hard to lose money that quickly", never gambled again. Now I stand behind lines of people buying scratch tickets with their paychecks in the same states who voted against Casinos. Hypocrites these states, so virtuous but they advertise these games on TV & suck the last dimes out of these suckers. 

[Integrity28]

50 minutes ago, SAR I said:

I listen to the show an hour each day on the commute to work and Carton's constant talking about gambling as if it's so commonplace and everyone does it always led me to believe he was a bigtime gambler.  I never knew why WFAN let him riff on the subject all-in probably 2 hours a week. 

I like the show, mostly for Boomer and Recco, but turned it off whenever a gambling segment came up as it didn't interest me and I felt it was as wrong as someone talking about the benefits of smoking or alcoholism.

I feel for his young family.  Finanically ruined and ridiculed.  They don't deserve what's coming.  Not to mention the FAN-  losing their 2 top shows to retirement and lawlessness, this could take them down.

SAR I

The audience is already established. It doesn't take much to troll Jets fans (we should know) into tuning in, no matter the quality of the on-air talent. Hell, Beningo has a job.