WFAN morning show host Craig Carton, formerly of WIP, was arrested this morning. From NBC New York:

Craig Carton, co-host of WFAN’s morning sports talk show “Boomer & Carton,” has been arrested on investment fraud-related counts in connection with an alleged fake ticket scam.

The FBI arrested Carton, 48, at his home in Manhattan early Wednesday, the sources said. He was allegedly involved in an investment scam through which he and another man claimed to be running a discount ticket broker business that never existed, according to the sources.

Carton makes a healthy living. Salary estimates through a quick Google search indicate that he makes $250k per year (I bet it’s much more than that) and is worth $2 million. An investment scheme reported to have netted him more than $2 million would explain that huge delta between salary and worth. [UPDATEThe Big Lead’s Ryan Glasspiegel estimates that Carton makes at least $2 million per year.]

There aren’t many other details to the story yet, but I’m guessing this was a fairly well-organized scheme if the FBI showed up at his door and arrested him. They don’t do that without significant evidence.

You may recall that Carton got WIP sued in 1997 when he reported that Eric Lindros missed a Flyers-Penguins game due to a hangover:

Eric Lindros finally got the apology he asked for a year ago from talk radio station WIP, 610-AM.

Craig Carton, a former personality on the entertainment talk radio station filed a report in February of 1997 that Lindros missed a game against the Pittsburgh Penguins because he was nursing a hangover.

Infinity Broadcasting Corporation of Philadelphia, owners of the station, as part of the settlement, will make a contribution to Children’s Miracle Network, for which Lindros is a spokesman.

“In a broadcast on February 28, 1997, a former WIP personality stated that Philadelphia Flyers captain Eric Lindros was unable to play a Feb. 15, 1997 game against the Pittsburgh Penguins,” the letter of apology begins. “Although Eric suffered from an injured back sustained against Ottawa on Feb. 13, 1997, it was stated that he did not play because he was `hung over` from an excess alcohol consumption the prior evening. WIP’s personality also stated that the Flyers organization reported that Eric was injured to cover up his inability to play.

“After an investigation into the facts underlying its Feb. 28 broadcast, WIP executive management has concluded that the sole reason Eric did not play on Feb.15 was because of his injured back and not for any other reason. The entire management of WIP regrets this unfortunate incident and wished to apologize to Eric Lindros, the Flyers and their fans for the broadcast.”

Both Lindros and his father/agent Carl were happy with the settlement.

Now he’s going to jail. Probably.