Just a few more details on DH. This appeared in the Trib in April 1998 on the day he entered his guilty plea and some months before the story I posted the other day which ran when he was sentenced. (There was more in the story about some other unrelated fraud cases that I deleted.)

"- David J. Hernandez, a former vice president of operations at Columbia National Bank in Chicago, pleaded guilty to embezzling $662,000 from investors, including relatives, a multiple sclerosis patient and a church.
Hernandez, 37, formerly of Chicago, admitted cheating his father-in-law, the Congregation of the Passion and an elderly couple in ill health whose son was himself undergoing chemotherapy treatments at the time and was unable to advise his parents.
The wife lost almost her entire life savings of $87,270."

This was definitely worth starting the 87th different thread about this North/webio/Hernandez story. I mean, there is no way this could have been added to an existing thread.





This is getting out of hand, BigFan, start combining these things......

_________________

Gotta fill the CS webio space! Bring it! OWN IT!

_________________
"That's what the internet is for. Slandering others anonymously." Banky
“Been that way since one monkey looked at the sun and told the other monkey ‘He said for you to give me your fuckin’ share.’”

Shocking a Google search didn't break this to light!

Light 'em up! CONTACT US: Mike - Dan - Jen - Be-Be - Lucky http://www.northtonorth.com/pages/index.shtml

_________________
Jackie "Smoke" Davis. Da Butcha Da Betta.

Feds issue warrant for missing Chicago Sports Webio principal
June 17, 2009 | Tribune

The U.S. attorney's office in Chicago charged David Hernandez with criminal mail fraud Wednesday for allegedly engaging in a Ponzi scheme.

A warrant has been issued for his arrest. The criminal charges are similar to the civil allegations against Hernandez brought by the Securities and Exchange Commission on Monday. Hernandez bankrolled Chicago Sports Webio, an Internet radio station launched by Mike North.

Hernandez has been missing since Monday. He is now the subject of a nationwide manhunt coordinated by the FBI's office in Chicago.

Hernandez, who disappeared Monday after federal regulators accused him of securities fraud, told one of his former attorneys Wednesday morning that he is staying at a Downers Grove hotel, but police said they didn't believe his story.

Avni Shah, a Chicago lawyer who said her firm has done some transactional work for Hernandez, said she received a call at about 9:30 a.m. Wednesday from Hernandez. He told her was he was in a hotel and that he was "OK," said Shah, who called the Tribune.

But Sgt. David Bormann of Downers Grove police said they have not heard from him. When informed of Hernandez's possible whereabouts by the Tribune, Bormann said "We think he's lying about that." He added that the police have been checking the hotels in the western suburb and surrounding area.

"He might just be throwing people off," Bormann said. "I doubt he's staying in town."

The Securities and Exchange Commission accused Hernandez in a civil complaint Monday of diverting $11 million he raised from investors for a purported pay-day loan business for personal expenses and to fund other ventures, including Chicago Sports Webio. With money from Hernandez, site co-founder Mike North hired Chet Coppock and other radio personalities as hosts, and the station made its debut in April.

Shah said she and her colleague Jeremy Bell are not representing Hernandez in the SEC matter. She said that they have been contacted by the SEC. Shah said they had no knowledge of Hernandez's alleged fraud.

Corporate records show that Bell registered several of Hernandez's companies, including NextStep Medical Staffing, NextStep Holdings Corp. and Spectrum Entertainment Group Inc., the parent of Chicago Sports Webio.

_________________
Jackie "Smoke" Davis. Da Butcha Da Betta.