Feds: Craig Carton Started Ticket Reselling Ponzi Scheme To Pay Off Millions In Gambling Debt

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Craig Carton in 2016 (Getty Images)

After being being arrested early Wednesday morning, radio personality Craig Carton was charged with securities fraud, wire fraud, and conspiracy to commit those offenses for creating what the U.S. Attorney’s office called a “Ponzi-like scheme” to attract investors into committing millions to a ticket reselling business—a business that was allegedly a complete fraud. Federal authorities say that Carton, as well as an associate, created the fake companies to pay off

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