Popular New York sports radio talk show host Craig Carton was arrested on Wednesday morning for allegedly scamming investors out of millions of dollars to cover his mounting gambling debts, according to federal authorities.
The motor-mouthed Carton turned to crime after running up millions of dollars in losses with two casinos, plus a debt of $825,000 to an unidentified individual, court papers charged.
Carton and co-defendant Michael Wright were both charged with securities fraud, wire fraud and conspiracy. The two could face a maximum of 45 years in prison and fines running into millions of dollars.