Wife of David Hernandez Was Oblivious

By Samantha Abernethy in News on Jun 24, 2009 5:40PM

She married ChicagoSportsWebio founder David Hernandez in 2001, but she is just now finding out who he really was. Last week, the SEC accused Hernandez of running an $11 million ponzi scheme that funded the ChicagoSportsWebio venture, and he promptly left town. Gina Hernandez reported her husband missing on June 16, and police found him at a hotel downstate on June 22.

The Sun-Times reports that Gina Hernandez has since found out that she was Hernandez's third wife and that he forged her signature to take out second and third mortgages on her home. He used that as seed money to start his scheme. WBBM reports that, though nothing has been filed, Gina Hernandez is preparing to divorce David.

David Hernandez is alleged to have sold "guaranteed investment contracts" that were simply paid off with proceeds from later investors. Things began to unravel when site co-founder and radio personality Mike North was fired from his executive role after questioning why the company's checks were bouncing.