DegenerateDave wrote:
Score is doomed wrote:
I am a little disappointed that north's name isn't in the article.
I'm a little disappointed that they described North as popular.
Very disappointed they said that!
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| Webio Ponzi = Hernandez indicted https://mail.chicagofanatics.com/viewtopic.php?f=156&t=34644 |
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| Author: | Count Floyd [ Fri Jul 10, 2009 1:28 pm ] |
| Post subject: | Webio Ponzi = Hernandez indicted |
Webio co-founder David Hernandez indicted for Ponzi scheme July 10, 2009 BY NATASHA KORECKI Federal Courts Reporter A federal grand jury has indicted businessman and alleged Ponzi schemer David J. Hernandez on charges that he scammed nearly 300 people out of $12 million. Hernandez, who co-founded the now-defunct ChicagoSportsWebio.com, with popular broadcaster Mike North, allegedly carried out the scheme through his business, NextStep Financial Services, Inc., and several related companies. Hernandez recently went on the lam and was found in Peoria. He was taken into federal custody after he was released from the hospital following a drug-induced suicide attempt, authorities said. Hernandez faces four counts of mail fraud after prosecutors say he misled investors, promising them 10 to 16 percent returns on investments he never made, according to the indictment. Hernandez also allegedly told investors their principal was protected through insurance — but it wasn’t, prosecutors say. Hernandez is also accused of converting money from his investors for his own benefit, including to make "interest" payments to other NextStep investors, according to court papers. The government wants to seize $3.5 million and two luxury automobiles from Hernandez, including a 2009 Audi and a 2007 Mercedes Benz ML350. Hernandez 48, was reported missing June 15, just before federal charges were announced. He's also accused in a civil lawsuit filed by the U.S. Securities and Exchange Commission of bilking more than 100 investors out of nearly $12 million. |
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| Author: | Score is doomed [ Fri Jul 10, 2009 2:26 pm ] |
| Post subject: | Re: Webio Ponzi = Hernandez indicted |
I am a little disappointed that north's name isn't in the article. |
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| Author: | Darkside [ Fri Jul 10, 2009 2:29 pm ] |
| Post subject: | Re: Webio Ponzi = Hernandez indicted |
Score is doomed wrote: I am a little disappointed that north's name isn't in the article. re-read it then, and you won't be disappointed. |
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| Author: | My Coach Vinny [ Fri Jul 10, 2009 2:31 pm ] |
| Post subject: | Re: Webio Ponzi = Hernandez indicted |
The reporter messed up a few things. |
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| Author: | Score is doomed [ Fri Jul 10, 2009 2:33 pm ] |
| Post subject: | Re: Webio Ponzi = Hernandez indicted |
just says he "co-founded" CSW, I was hoping he was included in the indictment |
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| Author: | DegenerateDave [ Fri Jul 10, 2009 2:36 pm ] |
| Post subject: | Re: Webio Ponzi = Hernandez indicted |
Score is doomed wrote: I am a little disappointed that north's name isn't in the article. I'm a little disappointed that they described North as popular. |
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| Author: | spmack [ Fri Jul 10, 2009 2:38 pm ] |
| Post subject: | Re: Webio Ponzi = Hernandez indicted |
DegenerateDave wrote: Score is doomed wrote: I am a little disappointed that north's name isn't in the article. I'm a little disappointed that they described North as popular. Nice zinger..... |
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| Author: | Pappy's Crappy [ Fri Jul 10, 2009 2:52 pm ] |
| Post subject: | Re: Webio Ponzi = Hernandez indicted |
DegenerateDave wrote: Score is doomed wrote: I am a little disappointed that north's name isn't in the article. I'm a little disappointed that they described North as popular. Why does seemingly every reporter have to kiss North's ass? Even in a basic, boilerplate story like this about the indictment, North has to be called 'popular'? Popular? Does anybody besides us here know of his track record lately? |
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| Author: | Score is doomed [ Fri Jul 10, 2009 2:54 pm ] |
| Post subject: | Re: Webio Ponzi = Hernandez indicted |
DegenerateDave wrote: Score is doomed wrote: I am a little disappointed that north's name isn't in the article. I'm a little disappointed that they described North as popular. Very disappointed they said that! |
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| Author: | newper [ Fri Jul 10, 2009 7:15 pm ] |
| Post subject: | Re: Webio Ponzi = Hernandez indicted |
Pappy's Crappy wrote: Popular? Does anybody besides us here know of his track record lately? He's up +5800 units at Arlington this year. |
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| Author: | Aggravated Sox Fan Bob [ Fri Jul 10, 2009 7:24 pm ] |
| Post subject: | Re: Webio Ponzi = Hernandez indicted |
Score is doomed wrote: I am a little disappointed that north's name isn't in the article. North may have had to testify in front of the Federal Grand Jury to help secure the indictment. Those proceedings are not public. |
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| Author: | Aggravated Sox Fan Bob [ Fri Jul 10, 2009 7:26 pm ] |
| Post subject: | Re: Webio Ponzi = Hernandez indicted |
Pappy's Crappy wrote: DegenerateDave wrote: Score is doomed wrote: I am a little disappointed that north's name isn't in the article. I'm a little disappointed that they described North as popular. Why does seemingly every reporter have to kiss North's ass? Even in a basic, boilerplate story like this about the indictment, North has to be called 'popular'? Popular? Does anybody besides us here know of his track record lately? Has anyone seen North on South Dearborn lately? Anywhere near the Federal Courthouse???? How about BeBe? 
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| Author: | Score is doomed [ Fri Jul 10, 2009 7:30 pm ] |
| Post subject: | Re: Webio Ponzi = Hernandez indicted |
Aggravated Sox Fan Bob wrote: Score is doomed wrote: I am a little disappointed that north's name isn't in the article. North may have had to testify in front of the Federal Grand Jury to help secure the indictment. Those proceedings are not public. Hopefully, if he did testify he did his normal and lied. How great would that be? 
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| Author: | Aggravated Sox Fan Bob [ Fri Jul 10, 2009 8:03 pm ] |
| Post subject: | Re: Webio Ponzi = Hernandez indicted |
Score is doomed wrote: Aggravated Sox Fan Bob wrote: Score is doomed wrote: I am a little disappointed that north's name isn't in the article. North may have had to testify in front of the Federal Grand Jury to help secure the indictment. Those proceedings are not public. Hopefully, if he did testify he did his normal and lied. How great would that be? Now we are talking a bus trip provided by the G. |
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| Author: | doug - evergreen park [ Fri Jul 10, 2009 8:09 pm ] |
| Post subject: | Re: Webio Ponzi = Hernandez indicted |
My Coach Vinny wrote: The reporter messed up a few things. Peoria...Normal. Illinois cornfield wasteland with a University. same difference...
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| Author: | Aggravated Sox Fan Bob [ Sat Jul 11, 2009 10:55 am ] |
| Post subject: | Re: Webio Ponzi = Hernandez indicted |
Has a bond been set? North, BeBe and Coppock are out raising that capital right now!!!!!! |
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| Author: | jimmypasta [ Sun Jul 12, 2009 9:57 am ] |
| Post subject: | Re: Webio Ponzi = Hernandez indicted |
Aggravated Sox Fan Bob wrote: Has a bond been set? North, BeBe and Coppock are out raising that capital right now!!!!!! Amazingly,bond was set at 2300 dollars. |
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