For­mer WFAN host guilty of ticket scam

Stamford Advocate - - Business -

Af­ter a one-week trial, a fed­eral jury in New York found for­mer WFAN and CBS Ra­dio host Craig Car­ton guilty of de­fraud­ing in­vestors in a ticket re­selling scheme. Pros­e­cu­tors said Car­ton touted his in­flu­ence in buy­ing blocks of tick­ets to ma­jor live events to be resold at a profit, then spent $7 mil­lion he col­lected to cover gam­bling and per­sonal ex­penses. Mark Varac­chi of Nor­walk and Steven Sim­mons of Wil­ton had pre­vi­ously pleaded guilty in con­nec­tion with the case.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.