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Results tagged “chicagosportswebio”

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Chicago Sports Webio Investor Gets 16 Years for Ponzi Scheme

Chicago Sports Webio Investor Gets 16 Years for Ponzi Scheme

His wife was oblivious that he was forging her signature to mortgages. He duped Mike North and fired him from their Chicago Sports Webio project when Pappy started asking why checks were bouncing. He went on the run when it was discovered he was running a Ponzi scheme to fund the failed web radio project. Later he pleaded guilty to that Ponzi scheme. Today, David Hernandez was sentenced to sixteen years and eight months in prison for that Ponzi scheme. Hernandez swindled $6.4 million from investors in the Ponzi scheme, which he used for personal use, including starting Chicago Sports Webio. more ›

Wife of David Hernandez Was Oblivious

Wife of David Hernandez Was Oblivious

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. more ›

The Strange Saga Of ChicagoSportsWebio Continues

The Strange Saga Of ChicagoSportsWebio Continues

It's been a strange couple of days for ChicagoSportsWebio and it all culminated with the site shutting down yesterday, according to the Trib's Phil Rosenthal. While the site still looks like it's fully operational, indeed, there is no audio. The drama started when Mike North's complaints about bounced checks got him fired from the site by co-founder David Hernandez. Hernandez was then alleged to have been running a Ponzi scheme and subsequently disappeared, his wife yesterday filing a missing person's report. more ›

Extra, Extra

Extra, Extra

more ›

WSCR Making Move For FM?

WSCR Making Move For FM?

Having just added Dan McNeil to its lineup, it seems AM 670 WSCR - The Score - could be making its way to the FM dial soon. According to the Sun-Times, the Score is aiming to be "simulcasting on one of adult hits WJMK-FM's (104.3) three HD frequencies." The S-T report continues: more ›

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