Former WFAN radio host Craig Carton sentenced for financial fraud

Posted: Updated:
MANHATTAN -

Former WFAN radio host Craig Carton has been sentenced to three-and-a-half years in prison and three years probation for defrauding investors in a ticket reselling business.

The 50-year-old promised investors prime seats to big concerts, but instead spent $7 million to pay off his own gambling debts.

Carton says he thought he was building a real business, and blames his severe gambling addiction for the scheme.

Carton had asked the federal judge in Manhattan for leniency.

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