Craig Carton suspended from 'Boomer and Carton' after arrest

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(John Minchillo/AP Images for NFL, File) FILE - In this Aug. 30, 2012, file photo, Craig Carton talks during the National Football League Back to Football Run at Central Park in New York. (John Minchillo/AP Images for NFL, File) FILE - In this Aug. 30, 2012, file photo, Craig Carton talks during the National Football League Back to Football Run at Central Park in New York.
NEW YORK CITY -

CBS Radio, WFAN’s parent company, has suspended Craig Carton following the "Boomer and Carton" co-host’s arrest Wednesday.

Boomer Esiason, Carton's co-host, hosted the "Boomer and Carton" show Thursday morning with ex-Giants quarterback Phil Simms. Esiason vowed on air that the program will continue in Carton’s absence.

Carton was arrested Wednesday on fraud charges alleging he and others used a Ponzi scheme and a concert ticket-selling scam for acts including Katy Perry to try to raise millions of dollars to pay off gambling debts.

CLICK HERE to read the U.S. Attorney’s Office's press release about Carton's arrest

Federal prosecutors said Carton teamed up with Michael Wright, of Upper Saddle River, New Jersey, to carry out a fraud on investors by posing as power brokers in the concert ticket business.

Each man was released on $500,000 bond at a hearing. Their lawyers declined to speak afterward to reporters.

The Associated Press news wire service contributed to this report.

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