'Boomer and Carton' co-host Craig Carton arrested for alleged fraud

Craig Carton, the co-host of the New York morning radio show "Boomer and Carton," was arrested by the FBI on Wednesday morning and is being charged with a number of federal crimes, according to authorities.

Carton is being charged with securities fraud, wire fraud, and conspiracy to commit both, according to a complaint filed in the southern district of New York on Wednesday.

The complaint alleges that Carton, co-defendant Michael Wright and another man worked together "to solicit individuals and entities to invest in the bulk purchase of tickets to live events, which would be re-sold at a profit on the secondary market."

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