Lego My Lageman Posted September 6, 2017 Share Posted September 6, 2017 Al Dukes be like 1 Quote Link to comment Share on other sites More sharing options...
nycdan Posted September 6, 2017 Share Posted September 6, 2017 15 minutes ago, Kleckineau said: 4 kids how can he look in the mirror. He may not do time. A famous shrink will describe his gambling addiction as a serious illness and a high powered attorney like Brafman or Lefcourt will make cut a deal with the DA pointing out how he cant pay anyone back while incarcerated. They'll try but plenty of celebs do time for similar reasons. Just ask Wesley Snipes. Quote Link to comment Share on other sites More sharing options...
Doggin94it Posted September 6, 2017 Share Posted September 6, 2017 Innocent until proven guilty, but this looks real bad. A shame. Quote Link to comment Share on other sites More sharing options...
kelly Posted September 6, 2017 Share Posted September 6, 2017 8 minutes ago, nycdan said: They'll try but plenty of celebs do time for similar reasons. Just ask Wesley Snipes. 1 1 Quote Link to comment Share on other sites More sharing options...
Bugg Posted September 6, 2017 Share Posted September 6, 2017 38 minutes ago, drsamuel84 said: Interesting, wonder if this is the end of Boomer and Carton. Let's say hypothetically he gets away with just a slap on the wrist and a suspension from WFAN you have to wonder if Boomer would want to continue to work with him. Boomer has other "tv interests" with CBS, Showtime etc.. and you would think it's important for him to maintain a clean image. Plus at his age and the fact that he does have other jobs and I'm sure plenty of money, makes you wonder how much longer he would want to continue the early mornings. Just be interesting to see where this goes I have a feeling we won't be seeing Craig on the air for a while Don't see how they can bring back a guy scamming people for nonexistent tickets to pay his gambling debts. And Sid Rosenberg has a job.But doubt Boomer Esiason wants to be associated with him after this. 1 1 Quote Link to comment Share on other sites More sharing options...
BallinPB Posted September 6, 2017 Share Posted September 6, 2017 https://www.justice.gov/usao-sdny/pr/manhattan-us-attorney-and-fbi-assistant-director-announce-securities-and-wire-fraud-0 FOR IMMEDIATE RELEASE Wednesday, September 6, 2017 Manhattan U.S. Attorney And FBI Assistant Director Announce Securities And Wire Fraud Charges Against Craig Carton And Michael Wright Joon H. Kim, the Acting United States Attorney for the Southern District of New York, and William F. Sweeney Jr, the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (“FBI”), announced today that CRAIG CARTON and MICHAEL WRIGHT were arrested this morning and charged with securities fraud, wire fraud, and conspiracy to commit those offenses. As alleged, CARTON, WRIGHT, and another individual (“CC-1”) worked together to induce investors to provide them with millions of dollars, based on representations that the investor funds would be used to purchase blocks of tickets to concerts, which would then be re-sold on the secondary market. CARTON and CC-1 purportedly had access to those blocks of tickets based on agreements that CC-1 had with a company that promotes live music and entertainment events (the “Concert Promotion Company”) and that CARTON had with a company that operates two arenas in the New York metropolitan area (the “Sports and Entertainment Company”). In fact, neither the Concert Promotion Company nor the Sports and Entertainment Company had any such agreement with CARTON, WRIGHT, or CC-1, or any entity associated with them. After receiving the investor funds, CARTON, WRIGHT, and CC-1 misappropriated those funds, using them to, among other things, pay personal debts and repay prior investors as part of a Ponzi-like scheme. CARTON and WRIGHT will be presented later today in Manhattan federal court. Acting Manhattan U.S. Attorney Joon H. Kim said: “As alleged, Craig Carton and Michael Wright deceived investors and raised millions of dollars through misrepresentation and outright lies. Their schemes were allegedly propped up by phony contracts with two companies to purchase blocks of concert tickets, when in fact, Carton and Wright had no deals to purchase any tickets at all. As alleged, behind all the talk, the Wright and Carson show was just a sham, designed to fleece investors out of millions ultimately to be spent on payments to casinos and to pay off other personal debt.” FBI Assistant Director-in-Charge William F. Sweeney Jr. said: “Carton and Wright thought they could get off easy by allegedly paying off their debts with other people’s money. They then attempted to pay off investors with money that would eventually become future debt, as alleged. We see this time and time again, the rise and fall of a Ponzi scheme destined for failure. The truth is, the time will come when your luck runs out. Unfortunately for those arrested today, that time is now.” According to the Complaint unsealed today Manhattan federal court[1]: In the fall of 2016, CARTON, WRIGHT, and CC-1 exchanged emails and text messages regarding their existing debts. On September 5, 2016, for example, WRIGHT emailed CARTON and CC-1, “for the sake of our conversation tomorrow,” and outlined “the debt past due and due next week.” WRIGHT listed several apparent creditors, to whom he, CC-1, and/or CARTON were personally indebted for over a million dollars. WRIGHT listed eight possible options for repaying the debt, including “Run to Costa Rica, change name, and start life all over again – may not be an option.” CARTON responded to WRIGHT and CC-1, stating “don’t forget I have $1m coming tomorrow from ticket investor[.] will need to be discussed how to handle.” On September 7, 2016, CARTON emailed WRIGHT and CC-1, referenced a potential investor (“Investor-1”) in an upcoming holiday concert tour, and suggested “borrow[ing] against projected profits” on that investment. Later in the fall of 2016, CARTON began negotiating with a hedge fund (the “Hedge Fund”) regarding a transaction in which the Hedge Fund would extend CARTON capital to finance CARTON’s purchase of event tickets, which CARTON would then re-sell at a profit. In early December 2016, CC-1 texted CARTON and WRIGHT and discussed using the Hedge Fund’s capital “to repay debts,” and not for the purchase of tickets. The next day, December 7, 2016, CARTON emailed the Hedge Fund five agreements between (i) CC-1 and a company controlled by CC-1 (the “CC-1 Entity”) and (ii) the Concert Promotion Company. In each of the purported agreements, the Concert Promotion Company agreed to sell the CC-1 Entity up $10 million worth of tickets to different concert tours. However, as alleged, these agreements were fraudulent and had not, in fact been entered into by the Concert Promotion Company. The following day, the Hedge Fund and CARTON executed the revolving loan agreement (the “Revolving Loan Agreement”), under which the Hedge Fund agreed to provide CARTON with up to $10 million, for the purpose of funding investments in the purchase of tickets for events. The Revolving Loan Agreement provided, in sum and substance, that the proceeds of the loan would be used only to purchase tickets pursuant to agreements for the acquisition of tickets, including the agreements with the Concert Promotion Company and for limited business expenses. The Hedge Fund would receive a share of the profits from the resale of the tickets. The Hedge Fund then sent $700,000 to the CC-1 Entity to finance the purchase of tickets pursuant to the agreements between the CC-1 Entity and the Concert Promotion Company. CC-1, however, then sent this money to a bank account controlled by WRIGHT, who then, on December 12, sent $200,000 to CARTON’s personal bank account (the “CARTON Bank Account”), which CARTON then wired to a casino. Also on December 12, WRIGHT sent another $500,000 to an individual who had previously lent CARTON $500,000, which was due to be repaid that day. Later in December 2016, the Hedge Fund sent an additional $1.9 million to the CC-1 Entity, to finance the purchase of tickets pursuant to agreements between the CC-1 Entity and the Concert Promotion Company. Once again, the Concert Promotion Company had not entered into any such agreements. CC-1, WRIGHT, and CARTON engaged in text messages regarding the disposition of these funds. Some of the money was used by CC-1 to repay two individuals who had previously invested with CC-1 in a related scheme involving the purported investment in the resale of tickets, and by CARTON to pay casinos and to pay Investor-1 a purported return on an earlier investment in a ticket-related venture. CARTON also induced the Hedge Fund to wire $2 million to the Sports and Entertainment Company, based purportedly on an agreement he had with the Sports and Entertainment Company (the “Sports and Entertainment Company Agreement”). The Sports and Entertainment Company Agreement purportedly gave an entity controlled by CARTON (the “CARTON Entity”) the right to purchase $2 million of tickets to concerts at one of the venues operated by the Sports and Entertainment Company. CARTON, among other things, sent the Hedge Fund a copy of the Sports and Entertainment Company Agreement that purportedly had been signed by the chief executive officer of the Sports and Entertainment Company. However, this agreement was fraudulent and had never been entered into by the Sports and Entertainment Company or signed by the chief executive officer. On December 20, 2016, when the Hedge Fund wired the $2 million to the Sports and Entertainment Company, CARTON contacted the Sports and Entertainment Company and told them, in sum and substance, that the wire had been sent in error and should be sent to the bank account for an entity operated by CARTON and WRIGHT, for which WRIGHT is the signatory. After the money was rewired to that account, WRIGHT wired $966,000 to WRIGHT’s personal bank account and $700,000 to the CARTON Bank Account. CARTON then wired approximately $188,000 from the CARTON Bank Account, including at least $133,000 in wires to several casinos. * * * 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. Mr. Kim praised the investigative work of the FBI and thanked the Boston Regional Office of the U.S. Securities and Exchange Commission, which has filed civil charges against CARTON and CC-1 in a separate action. He added that the FBI’s investigation is ongoing. This case is being handled by the Office’s Securities and Commodities Fraud Task Force. Assistant U.S. Attorneys Brendan F. Quigley and Elisha J. Kobre are in charge of the prosecution. The allegations contained in the Complaint are merely accusations, and the defendants are presumed innocent unless and until proven guilty. [1] As the introductory phrase signifies, the entirety of the text of the Complaint and the description of the Complaint set forth herein constitute only allegations, and every fact described should be treated as an allegation. Quote Link to comment Share on other sites More sharing options...
C Mart Posted September 6, 2017 Share Posted September 6, 2017 2 hours ago, ChuckkieB said: It makes me smile when loud mouth douche bags like this get their comeuppance. I hope he gets jail time. It's shocking but not surprising considering the way he talked about gambling. No wonder why he never paid Boomer. Also may be part of the reason why the guy never slept. Just have to feel for his wife and kids. Quote Link to comment Share on other sites More sharing options...
Super Bowl before I die Posted September 6, 2017 Share Posted September 6, 2017 2 hours ago, FidelioJet said: Maybe now I'll be able to go back to listening to the WFAN morning show. He's simply unbearable. Real nice to kick a guy when he's down. Quote Link to comment Share on other sites More sharing options...
Super Bowl before I die Posted September 6, 2017 Share Posted September 6, 2017 1 hour ago, johnnyjet said: Ok now regardless of if ya like the guy or not here's the big question, who replaces him with Boomer in the morning if his career is kaput. Sid Rosenberg? They're practically the same guy. Moose. 2 Quote Link to comment Share on other sites More sharing options...
C Mart Posted September 6, 2017 Share Posted September 6, 2017 In a civil complaint filed today with the U.S. District Court Southern District of New York, the Securities and Exchange Commission claims Carton sought investments in ticket reselling enterprises. According to the SEC complaint, beginning in or around the middle of 2016, Carton accrued millions of dollars’ worth of gambling-related debts to casinos and other third parties. He allegedly solicited investments in ticket reselling enterprises purportedly engaged in purchasing and reselling large blocks of concert tickets for substantial profits, either on his own or through Joseph Meli, attributed as a New York-based businessman. The civil complaint states the pair presented “millions of dollars’ worth of tickets to upcoming concerts by the artists Katy Perry, Justin Bieber, Roger Waters, Metallica, and Barbra Streisand. In reality, no such agreements with the concert promoter or venue existed, and the signatures for the concert promoter or venue were forged.” “In certain cases, Meli provided these fake agreements to Carton, for the express purpose of having Carton pass them along to an investor,” the complaint states. “Carton provided to another investor documents referencing a purported agreement by an entity controlled by Meli to purchase millions of dollars’ worth of Adele concert tickets at face value, directly from Adele’s management company.” Carton is in his 10th year hosting mornings on WFAN with former NFL quarterback Boomer Esiason. He was not on air Wednesday. Esiason addressed the arrest during the broadcast saying, “I’m taken aback and surprised by it just like I’m sure everybody else is. I have no other information, there’s nothing else I can say. I thought he called in sick this morning, but unfortunately my partner was arrested.” http://newyork.cbslocal.com/2017/09/06/cbs2-sources-boomer-carton-co-host-craig-carton-arrested/ Quote Link to comment Share on other sites More sharing options...
C Mart Posted September 6, 2017 Share Posted September 6, 2017 9 minutes ago, Bugg said: Don't see how they can bring back a guy scamming people for nonexistent tickets to pay his gambling debts. And Sid Rosenberg has a job.But doubt Boomer Esiason wants to be associated with him after this. They still have the Boomer and Carton Kitchen in the Barclays Center? Quote Link to comment Share on other sites More sharing options...
kelly Posted September 6, 2017 Share Posted September 6, 2017 14 minutes ago, nycdan said: They'll try but plenty of celebs do time for similar reasons. Just ask Wesley Snipes. Quote Link to comment Share on other sites More sharing options...
DMan77 Posted September 6, 2017 Share Posted September 6, 2017 Be interesting to see how this plays out... The fact that it's a Federal crime, and that they're throwing the term "Ponzi scheme" around are big deals... The Feds rarely lose a case. If they want to they could really bury him here... Quote Link to comment Share on other sites More sharing options...
Kleckineau Posted September 6, 2017 Share Posted September 6, 2017 24 minutes ago, nycdan said: They'll try but plenty of celebs do time for similar reasons. Just ask Wesley Snipes. True......... Martha Stewart's "crime" didnt even have a victim and they put her away. 1 Quote Link to comment Share on other sites More sharing options...
Maxman Posted September 6, 2017 Share Posted September 6, 2017 2 hours ago, jmat321 said: He's Christie's buddy, the orange one will pardon him Seems like this is a federal thing. Quote Link to comment Share on other sites More sharing options...
Lego My Lageman Posted September 6, 2017 Share Posted September 6, 2017 warming up in the pen Quote Link to comment Share on other sites More sharing options...
Maxman Posted September 6, 2017 Share Posted September 6, 2017 2 minutes ago, Lego My Lageman said: warming up in the pen I was at that game and he was actually pretty good at softball. I was shocked. 1 Quote Link to comment Share on other sites More sharing options...
Kleckineau Posted September 6, 2017 Share Posted September 6, 2017 1 minute ago, Lego My Lageman said: warming up in the pen Unless he ate Carton what does that have to do with anything? Quote Link to comment Share on other sites More sharing options...
Lego My Lageman Posted September 6, 2017 Share Posted September 6, 2017 2 minutes ago, Kleckineau said: Unless he ate Carton what does that have to do with anything? He fills in on the show sometimes. I know he took his name out of the Francesa replacement gig, but I could see him in the am w Boomer. Quote Link to comment Share on other sites More sharing options...
Sperm Edwards Posted September 6, 2017 Share Posted September 6, 2017 51 minutes ago, batman10023 said: you are probably right. kind of silly when you think about it. guy robs a liquor store gets 10 years in jail. guy steals multi-millions of dollars and does 5 years. if you are going to do crime, white collar crime has better rewards and less downside. although silly to for him to think he wasn't going to get caught. 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. Quote Link to comment Share on other sites More sharing options...
NYJ37/12 Posted September 6, 2017 Share Posted September 6, 2017 He's screwed Quote Link to comment Share on other sites More sharing options...
C Mart Posted September 6, 2017 Share Posted September 6, 2017 8 minutes ago, Maxman said: I was at that game and he was actually pretty good at softball. I was shocked. Thought I read he was a pretty good baseball player back in the day. Quote Link to comment Share on other sites More sharing options...
Kleckineau Posted September 6, 2017 Share Posted September 6, 2017 6 minutes ago, Lego My Lageman said: He fills in on the show sometimes. I know he took his name out of the Francesa replacement gig, but I could see him in the am w Boomer. Never knew that. Never listen to the show thanks. Quote Link to comment Share on other sites More sharing options...
flgreen Posted September 6, 2017 Share Posted September 6, 2017 The jail time for the millions of dollars he owes to casinos is one thing, the $825,000 he owes to an "unidentified individual" is his real concern. Jail won't stop collection on that one Quote Link to comment Share on other sites More sharing options...
nycdan Posted September 6, 2017 Share Posted September 6, 2017 31 minutes ago, kelly said: LOL. You are on a roll today, Kelly. Good one, though. She's come a long way since then! Quote Link to comment Share on other sites More sharing options...
section314 Posted September 6, 2017 Share Posted September 6, 2017 11 minutes ago, C Mart said: Thought I read he was a pretty good baseball player back in the day. So was Jacoby Ellsbury. Quote Link to comment Share on other sites More sharing options...
Kleckineau Posted September 6, 2017 Share Posted September 6, 2017 11 minutes ago, nycdan said: LOL. You are on a roll today, Kelly. Good one, though. She's come a long way since then! Both ex-cons Quote Link to comment Share on other sites More sharing options...
Thai Jet Posted September 6, 2017 Share Posted September 6, 2017 3 hours ago, FidelioJet said: Maybe now I'll be able to go back to listening to the WFAN morning show. He's simply unbearable. Amen to that. 1 Quote Link to comment Share on other sites More sharing options...
Bruce Harper Posted September 6, 2017 Share Posted September 6, 2017 2 hours ago, prime21 said: I actually am one of the few that enjoy him and Boomer's show. What a dam shame. Father of 4 and will be eventually locked up for a long time. 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? 1 Quote Link to comment Share on other sites More sharing options...
Obrien2Toon Posted September 6, 2017 Share Posted September 6, 2017 2 hours ago, johnnyjet said: Ok now regardless of if ya like the guy or not here's the big question, who replaces him with Boomer in the morning if his career is kaput. Sid Rosenberg? They're practically the same guy. Hope it's not Malusus?sp He's been on the last week and is a snoozer 1 Quote Link to comment Share on other sites More sharing options...
Bruce Harper Posted September 6, 2017 Share Posted September 6, 2017 1 hour ago, Kleckineau said: 4 kids how can he look in the mirror. He may not do time. A famous shrink will describe his gambling addiction as a serious illness and a high powered attorney like Brafman or Lefcourt will make cut a deal with the DA pointing out how he cant pay anyone back while incarcerated. No DA involved. Federal prosecutions are in a different category. And there are MANDATORY sentencing guidelines. Quote Link to comment Share on other sites More sharing options...
flgreen Posted September 6, 2017 Share Posted September 6, 2017 6 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? Agree How do casinos allow a guy who makes $250,000 get millions in debt? 1 Quote Link to comment Share on other sites More sharing options...
flgreen Posted September 6, 2017 Share Posted September 6, 2017 The feds may very well be looking for some info on the "unidentified individual" for big time racketeering charges. "Lets make a Deal, is it door #1, or 10 years?" Quote Link to comment Share on other sites More sharing options...
Tinstar Posted September 6, 2017 Share Posted September 6, 2017 6 minutes ago, flgreen said: The feds may very well be looking for some info on the "unidentified individual" for big time racketeering charges. "Lets make a Deal, is it door #1, or 10 years?" Take door #1, and if the person you ratted on was that important, you might not see 10 days . 1 Quote Link to comment Share on other sites More sharing options...
kelly Posted September 6, 2017 Share Posted September 6, 2017 1 hour ago, Maxman said: Seems like this is a federal thing. it is. he's " gonna do time ".. Quote Link to comment Share on other sites More sharing options...
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