Former radio show host sentenced to 3.5 years for Ponzi scheme

Craig Carton

Craig Carton rose to fame on WFAN’s “Boomer and Carton” show. He was a well known and brash personality in the New York City radio scene.

This all came crashing down after the now 50-year-old Carton was arrested and charged in a Ponzi-like scheme for convincing rich people to put down a ton of money on blocks of concert tickets in the area. That included the likes of Adele and Metallica.

In the end, Carton kept $4.6 million for himself as a way to pay down debt.

The former radio personality was sentenced in court on Friday to 3.5 years in prison and ordered to pay $7 million in restitution, according to the NY Post.

“I never intended to take money from people and not pay them back,” Carton said in court. “I had grandiose plans about how we would all make money together.”

Carton blamed a gambling addiction for his misdeeds before the man was sentenced in court.