Where ‘damning’ Craig Carton case goes from here

September 12, 2017

Where ‘damning’ Craig Carton case goes from here

While the Craig Carton saga is just getting underway, it may be only the start of a long haul toward a resolution. The WFAN morning radio co-host, who was arrested Wednesday by the FBI on charges that he was behind a $5.6 million Ponzi scheme to repay his own gambling debts, could face trial by mid to late-2018, according to Richard Roth, a white-collar crime attorney at the Roth Law Firm in New York.

While the Craig Carton saga is just getting underway, it may be only the start of a long haul toward a resolution. The WFAN morning radio co-host, who was arrested Wednesday by the FBI on charges that he was behind a $5.6 million Ponzi scheme to repay his own gambling debts, could face trial by mid to late-2018, according to Richard Roth, a white-collar crime attorney at the Roth Law Firm in New York. “[The indictment] is pretty damning,” Roth said Tuesday by phone. Carton is facing both a civil lawsuit from the Securities and Exchange Commission and a criminal lawsuit from the Manhattan U.S. Attorney’s Office.

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