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Webio Co-Founder Indicted

The hammer of justice has come down on Webio co-founder David Hernandez, 48, of Downers Grove. Hernandez stands charged of four counts of mail fraud for running a Ponzi scheme that bilked people out of around $12 million. According to the Sun-Times, the feds are also trying, "to seize $3.5 million and two luxury automobiles from Hernandez, including a 2009 Audi and a 2007 Mercedes Benz ML350." more ›

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