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Tribune = Chet Coppock on the Webio dealio
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Author:  Gayelle [ Mon Jun 15, 2009 12:35 am ]
Post subject:  Tribune = Chet Coppock on the Webio dealio

Fate up in the air for Web site that fired Mike North
Chet Coppock says he'll show up for his show Monday despite bounced check
June 15, 2009

Chet Coppock, the longtime Chicago sportscaster, said he plans to show up for his scheduled 3 p.m. program Monday at the Morton Grove studios of Internet-based Chicago Sports Webio. That's despite the fact that he said one of his latest paychecks bounced and the other hasn't arrived.

What else happens at Chicago Sports Webio, the sports-talk Web site created by host Mike North, is up in the air.

On Friday, investor David Hernandez fired North and others as executives from their Internet start-up. The same day, the FBI executed search warrants on the Chicago office of NextStep Medical Staffing and NextStep Financial, two ventures with ties to Hernandez.

The FBI confirmed the search, which was in connection with an ongoing investigation. No arrests were made.

Hernandez's Spectrum Entertainment is parent of Chicago Sports Webio, which North established last year while sitting out the remainder of his contract with CBS Radio's WSCR-AM 670.

NextStep Medical Staffing, which Hernandez owns, is the title sponsor of "Monsters in the Morning," the show hosted by North and Dan Jiggetts that made its debut in January on Comcast SportsNet Chicago, with an audio simulcast on the Web site.

Hernandez said Sunday that the FBI action was connected to the actions of a "disgruntled ex-employee who I caught misappropriating funds" and fired several weeks ago. He said that he was cooperating with the U.S. attorney's office, and that if checks bounced, it was because the investigation led to accounts being frozen. He added: "None of our companies are having any troubles."

North said that when he learned checks were bouncing, he tried unsuccessfully to reach Hernandez for an explanation. He said Sunday he was unfamiliar with the scope of the FBI investigation.

Chicago Sports Webio debuted with media fanfare and what appeared to be a sizable financial commitment by Hernandez, whom Coppock remembers handing out $500 checks at a launch party.

"His reason was, 'I know for some of you this is going to mean a longer drive, so let me help you out with your gas money,' " Coppock said Sunday. "I thought, 'This guy really gets it.' "

Then came Friday, with reports of numerous bounced checks and the firings.

"This whole thing more and more is becoming like a Stephen King novel," Coppock said.

Author:  Sir Luscious Left Foot [ Mon Jun 15, 2009 12:56 am ]
Post subject:  Re: Tribune = Chet Coppock on the Webio dealio

WTF? RE: Hernandez said Sunday that the FBI action was connected to the actions of a "disgruntled ex-employee who I caught misappropriating funds" and fired several weeks ago. He said that he was cooperating with the U.S. attorney's office, and that if checks bounced, it was because the investigation led to accounts being frozen. He added: "None of our companies are having any troubles."

Wrong, Mr Hernandez: the FBI gets hundreds of bogus complaints by disgruntled ex-employees every day - they only investigate the ones that look promising. And if you just fired him/her several weeks ago, but the FBI says it's an "on-going investigation" - then the timing doesn't add up. A disgruntled ex-employee tip to a full-fledged on-going FBI investigation takes longer than that to get rolling when you're talking about small peanuts at a small company. You're not Warren Buffett & you're not Berkshire-Hathaway.

Author:  Beebo [ Mon Jun 15, 2009 6:51 am ]
Post subject:  Re: Tribune = Chet Coppock on the Webio dealio

SEC is there, too. Not been paying his shareholder dividends. Isolate North and cswebio from this situation, it's still real horrorshow

Author:  Aggravated Sox Fan Bob [ Mon Jun 15, 2009 7:20 am ]
Post subject:  Re: Tribune = Chet Coppock on the Webio dealio

Maybe Chet can interview some F.B.I. agents today on his show!!!!!!!
They may be out there!!!!

Author:  crosscheck [ Mon Jun 15, 2009 7:38 am ]
Post subject:  Re: Tribune = Chet Coppock on the Webio dealio

I kind of feel bad for chet, because I think this might be his last stop, and it would be a shame to go out like this...

Author:  walkrman5 [ Mon Jun 15, 2009 7:44 am ]
Post subject:  Re: Tribune = Chet Coppock on the Webio dealio

Chet has been pretty irrelevant for a while now. Just filling air time IMO. Don't like to hear about anyone's paychecks bouncing though.

Author:  BD [ Mon Jun 15, 2009 9:21 am ]
Post subject:  Re: Tribune = Chet Coppock on the Webio dealio

Aggravated Sox Fan Bob wrote:
Maybe Chet can interview some F.B.I. agents today on his show!!!!!!!
They may be out there!!!!


I'm sure he'd consider that - anything but talking sports with Boom Boom is a better idea for him.

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