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With radio in turmoil and big name hosts getting axed across town, radio personalities are sometimes going to unusual lengths to reach an audience. After leaving The Score (670AM) last year, veteran sports radio host Mike North joined forces with David Hernandez to launch Chicagosportswebio.com as an internet sports-talk platform. Things started to get weird there last week, when it was reported that North was fired from his executive role at the start-up by Hernandez after North question why the media outlet's checks were bouncing.
Later in the week, the FBI executed search warrants at the company, and on Monday the SEC charged North's partner with running a ponzi scheme through his NextStep Financial company. He is alleged to have sold "guaranteed investment contracts" that were simply paid off with proceeds from later investors. These funds were also diverted to ChicagoSportsWebio's accounts as well as Hernandez's personal accounts, where he use used to buy cars, jewelry and pay off his mortgage.
Did North know that Hernandez was not exactly the best business partner, and that this venture might come crashing down? After all, Hernandez is an ex-con who served time for wire fraud and has filed for personal bankruptcy three times. With the arrest of business partner, what's to become of ChicagoSportsWebio? North might find himself off the air yet again. Perhaps, like Steve Dahl, he can find enough of an audience on Twitter until his contract expires.
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I can't stand Mike North, but I hate to see him get mixed up in anything like this. He's too much of an idiot to have known what was going on.
"mixed up in anything like this"??? "Too much of an idiot"???
the guy took bets for Score employees from his hot dog stand before he worked there!
There's a big difference between taking bets from a hot dog stand and running a ponzi scheme.
I'm just saying, North is not some babe in the woods who doesn't understand the ways of the world
And I'm just saying I don't think the dude has the sense to run a major con, nor do I think running bets from a hot dog stand shows an intent to commit fraud, as hot dog gamblers know what they're getting.
Don't get me wrong, I don't think that North broke the law, I don't think he's in on the scheme or anything. I just think that he probably saw a thrice bankrupt, convicted felon, shrugged his shoulders and said "What's the worst that can happen? Where do I sign?!"
Ah ... so we agree. The guy's an idiot. :-)
He's an idiot for knowing what was going on and not caring.
North was two years behind everyone his age at Senn HS!
He is definitely an idiot!
Damn, if this show ceases production, I'm going to miss it. Well, that is, if I had ever listened to it. But since it involves Mike North, probably not so much.
The picture in this post really is the perfect image of Mike North. He has the dumbest look I've ever seen anyone put on their face and he's wearing a skin tight "trying-to-be-hip" t-shirt. just awesome.
Hey, North. Go stand over there with Jay Mariotti in the Guys-With-Too-Much-Self-Importance-And-Now-Toil-In-Relative-Obscurity Lounge.
First time poster, long time lurker.
WOOF WOOF..
Ya Mike Nort is a good guy. I've heard his show two tree times and I like it. My guy has the everyday guy thing going on. So I hope my guy gets back on the air soon, perhaps as a sidekick with that Roe Conn or something. This David Hernandez guy is world of trouble. I hope he gets his. Ya well that's it, I'll hangup and listen for a reply.
Does this mean we'll be rid of those obnoxious Webio "commercials" shown on the scoreboard during Sox games?