NEW YORK >> New York sports radio personality Craig Carton quit his “dream job” on WFAN Wednesday, saying he didn’t want to be a distraction as he faces federal charges that he cheated investors to pay off gambling debts.
Carton co-hosted “Boomer and Carton” with former NFL quarterback Boomer Esiason until his arrest last week on charges that he misappropriated at least $5.6 million from two investors.
In a statement, he said “unfounded legal issues currently plaguing me will only be a distraction to everyone at WFAN and the show I helped build.”
Carton quit a week after federal authorities arrested him, saying he used a Ponzi scheme to fool investors into giving him millions of dollars to pay off gambling debts to casinos and elsewhere.
Nordstrom family closing in on buyout
SEATTLE >> Nordstrom family members are close to choosing private equity firm Leonard Green & Partners to help fund a buyout of the Seattle-based fashion retailer that bears their name, CNBC reported, citing people familiar with the matter.
Leonard Green would provide the Nordstrom family members with about $1 billion in equity to help fund the deal, CNBC reported Tuesday.
In early June the company disclosed family members were considering a bid to take the company private. The group owns 51.8 million shares, representing about 31.2 percent of the company’s outstanding stock, it said in a June regulatory filing.
ON THE MOVE
American Savings Bank has hired the following employees:
>> Andrew Lang is the new director of American Insurance and Investments. Lang has more than 20 years of experience in the financial services industry.
>> Glenn Tarumoto is the new senior residential loan officer. He has been in the mortgage banking business industry for 31 years.
>> Michelle Luxton is the new senior residential loan officer for the bank’s Private Lending Group. Luxton has more than eight years of industry experience.
Alaska Airlines’ board of directors has elected Diana Birkett Rakow as vice president of external relations. She was previously a vice president of public affairs, communications and brand management at Kaiser Permanente of Washington. Prior to that, Birkett Rakow served as a health policy adviser for the U.S. Senate Finance Committee in Washington, D.C.
