Craig Carton

Jury Finds Craig Carton Guilty Of Being Smarter Than Anyone Thought

To anyone who listened to the man on the radio, the idea that Craig Carton would be capable of committing securities and wire fraud was inconceivable. A person who’d probably screw up a between-innings three-legged-race at a minor league baseball game guilty of conspiring to rip off loan sharks and a supposedly well-run hedge fund? Impossible. Even the man himself agreed: He’s far too stupid to have pulled something like that off. Much more likely that he was the unwitting pawn of veterans of more erudite ticket-scalping Ponzi schemes. Well, a Manhattan jury has considered the evidence and decided that it’s not impossible at all. Congratulations to Craig Carton for proving himself smarter than anyone who’s heard him talk could possibly imagine. And also for the fact that sentencing guideli...

Accused Talk Radio Ponzi Schemer Actually Great At Gambling In Spite Of Evidence To Contrary

There is so very much to unpack in the truly wonderful Craig Carton case. There is the question of how a hot-air balloon full of terrible takes managed to convince an allegedly well-run hedge fund to loan him $4.6 million. How they expected to make a profit on $1 million worth of Streisand tickets on a credit card. How anyone could have thought Craig Carton was smart enough to scalp a few box seats to a mid-week Yankees game, let alone run a major ticket reselling operation. Whether Craig Carton has even heard of Hamilton. Or Alexander Hamilton, for that matter. What is not in question is that at the center of the case are several million dollars in gambling debts that Carton amassed, against which the proceeds of the Ponzi scheme are alleged to have been planned. Carton’s lawyers acknowle...

Craig Carton Pleads Stupidity, And Who Are We To Argue?

Craig Carton’s intellectual deficiencies were readily apparent to anyone whose car radio was stuck on WFAN in New York on weekday mornings before his untimely arrest in September on charges of running a ticket-scalping Ponzi scheme at the expense of an allegedly well-run hedge fund. Presumably, his lawyers are preparing transcripts of some of his choicer takes on the Mets and Jets to fortify their argument that he should not be facing those charges on account of those intellectual deficiencies. “The Indictment is devoid of any allegations that Mr. Carton possessed ‘culpable intent’ at the time the Hedge Fund established the loan facility for approximately $4.6 million in the ticket resale business on December 8, 2016,” reads the court document. “The Government has failed to put forth any a...