A federal jury in Manhattan found Carton, 49, found guilty of conspiracy, wire fraud and securities fraud. He was accused of swindling investors in a ticket reselling business.
Prosecutors said he spent investor money on personal expenses, including gambling debts and landscaping bills.
Esiason said of the situation:
"I think all of us are saddened by the news, and we had all held out hope that Craig would somehow find his way out of what he got himself into. There are victims in this case. I don't want to in any way, shape or form take away from what they've had to deal with over the last 14 months (since Carton's arrest). There were people that were asked to go on the stand and testify. Their character was called into question. Their reputation was called into question. And on behalf of those folks, I hope this gives them closure.
"As far as Craig is concerned, I worked with him. Jerry (Recco) worked with him. Al (Dukes) worked worked with him, Eddie (Scozzare) for 10 years, Bobby (Dwyer) in the back, for 10 years, and we love Craig. Craig was the light of this radio station for many of us. Every morning, we would walk in here, and he was the professional that led this radio show for years and years and years and years. And it was unpredictable. Every day was a different day, and we never had a cross word when we left this studio, and we've never, ever got into any sort of arguments, disagreements or anything, with the exception of maybe once or twice about other personalities on this radio station.
"So yesterday, when the news came down, I wasn't shocked. I was saddened. I was saddened for his family. I will miss Craig. I have missed Craig. But the show here goes on.
"For anybody out there, who's ever had anybody in their life who has dealt with any sort of addiction -- drugs, alcohol, gambling -- this is a cautionary tale of how your life can spiral out of control and how it can affect so many around you, including your own family, the people that you work with and the people that you try to do business with on the outside.
"Last night, there was a moment that I had where I just said, 'You know, I can't believe that it's finally come to an end,' and it led us to where we are today."
Al Dukes, Jerry Recco and Scozzare and Gregg Giannotti, who replaced Carton earlier this year on WFAN's morning show, also discussed the situation.