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| POINTS https://mail.chicagofanatics.com/viewtopic.php?f=156&t=35367 |
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| Author: | bigfan [ Tue Jul 28, 2009 11:33 pm ] |
| Post subject: | POINTS |
12.Spectrum Entertainment Group, Inc. is an Illinois corporation incorporated by Hernandez in December 2008. Spectrum appears to have funded a Chicago sports-talk website related to Hernandez. However, Hernandez controls its only known bank account into which he diverted more than $160,000 of investor finds according to the lawsuit brought by the SEC. 13. The Ilumina Group, Inc. is an Illinois corporation incorporated by Hernandez in October 2008. Ilumina also appears to have funded a Chicago sports-talk website related to Hernandez. Hernandez controls its only known bank account into which he diverted more than $380,000 of investor funds according to the lawsuit brought by the SEC. 15. Michael North and BeBe North were Hernandez^s business partners in Chicago Sports Webio, a business funded by Hernandez by ill-gotten funds from Nextstep investors. Both were officers of CSW and knew or should have known that monies invested into CSW were from illegal and improper sources such as investors in NextStep. They then received monies as compensation from CSW and which monies were the ill gotten gains taken from Plaintiffs and other class members. 16. Daniel Jiggetts is Hernandez^s business partner in Chicago Sports Webio, a business funded by Hernandez by ill-gotten funds from Nextstep investors. f. In addition, Hernandez diverted investor funds to two other companies he controlled 2 defendants Spectrum and Ilumina. From those accounts, Hernandez also spent investor funds to start up a Chicago sports-talk website called “Chicago Sports Webio” featuring defendants Michael North and Daniel Jiggetts. (www.chicagosportswebio.com). On a broadcast of North and Jiggetts^ sports show, North and Jiggetts claimed they knew Hernandez for 16 years, and endorsed defendant Medical Staffing. Upon information and belief, North and Jiggetts made public appearances and endorsed Hernandez and the Nextstep entities. Hernandez also diverted investor funds to finance Chicagosportswebio.com, a new online sports-talk website owned by Spectrum. Hernandez diverted at least $165,500 of investor funds directly to the Spectrum account, and made other payments for the benefit of Spectrum^s online sports talk station business, including compensation in excess of $100,000 to defendants Michael North and Daniel Jiggetts, Chicago sports radio personalities, for their participation in Hernandez^s online sports talk station and public endorsement of the Nextstep entities. 39. Hernandez expended at least $275,000 of investor funds to pay for advertising and promotion for Chicagosportswebio.com and Medical Staffing. 40. Hernandez also diverted at least $381,000 of NextStep investor funds relief defendant Ilumina. COUNT III Aiding and Abbetting Violations of Exchange Act Violations of Section 10(b) 61. Nextstep Medical Staffing IL, Inc., Nexstep Holdings, Inc., Spectrum Entertainment Group, Inc., The Ilumina Group, Inc., Gina M. Hernandez, Michael North, Daniel Jiggetts, and Cortez Trotter knowingly or with severe recklessness provided substantial assistance in connection with the purchase or sale of securities, directly or indirectly, by the use of the means or instrumentalities of interstate commerce or of the mails: (a) used or employed a device, scheme, or artifice to defraud; (b) made untrue statements of material fact or omitted to state material facts necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading; and (c) and engaged in acts, practices, or courses of business which operated or would operate as a fraud and deceit upon the purchasers and prospective sellers of such securities. 62. Nextstep Medical Staffing IL, Inc., Nexstep Holdings, Inc., Spectrum Entertainment Group, Inc., The Ilumina Group, Inc., Gina M. Hernandez, Michael North, Daniel Jiggetts, and Cortez Trotter acted knowingly or recklessly when they provided substantial assistance in connection with the fraudulent conduct described above. 63. By reason of the foregoing, Nextstep Medical Staffing IL, Inc., Nexstep Holdings, Inc., Spectrum Entertainment Group, Inc., The Ilumina Group, Inc., Gina M. Hernandez, Case 1:09-cv-04485 Document 1 Filed 07/24/2009 Page 20 of 28 Michael North, Daniel Jiggetts, and Cortez Trotter violated Section 10(b) of the Exchange Act [15 U.S.C. § 78j(b)] and Rule l0b-5 promulgated thereunder [17 C.F.R. § 240.l0b-5]. COUNT VI Unjust enrichment against All Defendants 61. Hernandez, NextStep Medical, NextStep Holdings, Spectrum, Ilumina, Gina Hernandez, Michael North, Be Be North, Daniel Jiggetts, and Cortez Trotter have no legitimate claim to such funds that they received or from which they otherwise benefited, directly or indirectly. 63. Plaintiffs are entitled to an order, pursuant to common law equitable principles and also pursuant to Section 21 (d)(6) of the Exchange Act [15 U.S.C. §u(d)(5)], requiring NextStep Medical, NextStep Holdings, Spectrum, Ilumina, Gina Hernandez, Michael North, Be Be North, Daniel Jiggetts, and Cortez Trotter to disgorge all of the proceeds of investor funds they received or from which they benefited, either directly or indirectly. 63. Section 2 of the Consumer Fraud Act, 815 ILCS 505/2, provides, in pertinent part: Unfair methods of competition and unfair or deceptive acts or practices, including but not limited to the use or employment of any deception, fraud, false pretense, false promise, misrepresentation or the concealment, suppression or omission of any material fact, with intent that others rely upon the concealment, suppression or omission ofsuch materialfact, or the use or employment of any practice described in Section 2 of the Uniform Deceptive Trade Practices Act, approved August 5, 1965, in the conduct of any trade or commerce are hereby declared unlawful whether any person has in fact been misled, deceived or damaged thereby. In construing this section consideration shall be given to the interpretations of the Federal Trade Commission and the federal courts relating to Section |
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| Author: | good dolphin [ Wed Jul 29, 2009 8:18 am ] |
| Post subject: | Re: POINTS |
Everything but unjust enrichment looks like BS to me. So North knew or should have known that Next Step was bilking people and using the money to fund webio? Unless there is more substantial information, I don't buy that. A guy who is scheming keeps the circle of knowledge very tight. |
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| Author: | Beebo [ Wed Jul 29, 2009 8:25 am ] |
| Post subject: | Re: POINTS |
So this is her real name -- Be Be? As opposed to a nickname which is what I always assumed? |
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| Author: | Harry Seaward [ Wed Jul 29, 2009 8:45 am ] |
| Post subject: | Re: POINTS |
I thought that using Be Be was odd too - I thought I've read to her "officially" referred to as "Beatrice", no? In any case, there's no doubt that this lawsuit is a dragnet and they're hoping to snag as many as possible with it. What will be interesting to see is if those named are SO safe (as the over-the-hill-actress Larz thinks), will they end up filing a suit back at Mr. Samp for defamation? We will see. |
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| Author: | jimmypasta [ Wed Jul 29, 2009 8:48 am ] |
| Post subject: | Re: POINTS |
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| Author: | good dolphin [ Wed Jul 29, 2009 9:10 am ] |
| Post subject: | Re: POINTS |
Harry Seaward wrote: I thought that using Be Be was odd too - I thought I've read to her "officially" referred to as "Beatrice", no? In any case, there's no doubt that this lawsuit is a dragnet and they're hoping to snag as many as possible with it. What will be interesting to see is if those named are SO safe (as the over-the-hill-actress Larz thinks), will they end up filing a suit back at Mr. Samp for defamation? We will see. Nahhh, just a bunch of motions to dismiss and everyone will try to walk away quietly. |
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| Author: | IkeSouth [ Wed Jul 29, 2009 1:21 pm ] |
| Post subject: | Re: POINTS |
i thought it was beatrice beatrice north.... |
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| Author: | Douchebag [ Wed Jul 29, 2009 1:23 pm ] |
| Post subject: | Re: POINTS |
IkeSouth wrote: i thought it was beatrice beatrice north.... 
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