Former WFAN host Craig Carton was sentenced to 3 1/2 years in prison on Friday for a ticket resale scam. He was able to get millions of dollars from hedge fund investors to purchase blocks of tickets to several concerts.
Carton was then supposed to resell the tickets and deliver big returns to investors. He instead took $4.8 million to pay off gambling debts he had racked up.
The judge admitted she was a fan of his before trashing him and handing down her sentence.
Via NY Post:
The 50-year-old shock jock begged for no prison in Manhattan federal court but couldn’t sway Judge Colleen McMahon.
“Colleen from New York. First time, long time,” the jurist greeted Carton.
Then she laced into him.
“Your marriage is over, your kids are terrified … reputation in tatters,” she said, as the dad of four sat expressionless. “Craig Carton, you have indeed descended into a hell of your own making.”
On top of the 42-month sentence, Carton was ordered to complete 150 hours of community service and pay $4.8 million in restitution.
You can’t steal millions from rich people and think you can just walk away without being punished. I would expect the investors want that lost money back.
Carton being locked up for 3 1/2 years makes that almost impossible. On the bright side, the judge got to be cute while handing down her sentence and throw in a line about being a “first time, long time.”
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