Two Barclays Center executives and a loan shark say former WFAN morning show co-host Craig Carton altered documents to help him convince a hedge fund to invest in a ticket resale business. The feds allege that the 49-year-old former radio star swindled investors to raise over $4 million to resell tickets, but instead used the money to repay gambling debts and earlier investors.
Newsday has all the details from day two of the testimony. The paper reports that Brooklyn Sports and Entertainment CEO Brett Yormark, who runs both Barclays Center and the Nassau Coliseum, told jurors he never agreed to a contract for bulk ticket sales that Carton used to convince hedge fund investors to buy into his ticket-selling idea. When an attorney showed Yormark his signature on a Carton document, he said, “Supposedly I did. No, I did not. It’s a facsimile of a signature.”
According to Newsday, Yormark said that, despite knowing Carton from being on his WFAN show, there was never a deal to buy millions of dollars in tickets to a 2017 Barbara Streisand show. And, he first learned of that supposed deal when federal prosecutors came knocking on his door. “I was angry. I didn’t authorize it.”
Carton has claimed his innocence since he quit his WFAN job which was shortly after he was indicted. He says he was victimized by his partner Joseph Meli. Meli is already in prison on a separate ticket-related Ponzi scheme.
Read the full Newsday story HERE.