Chicago Fanatics Message Board • View topic - Hernandez charged with fraud by SEC

View unanswered posts | View active topics

Board index » SHOWS & MEDIA » OTHER CHICAGO SPORTS MEDIA

All times are UTC - 6 hours [ DST ]

Hernandez charged with fraud by SEC

Page 2 of 2

[ 56 posts ]

Go to page Previous 1, 2

Print view

Previous topic | Next topic

Author

Message

Pappy's Crappy

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 12:15 pm

Joined: Mon Mar 20, 2006 1:19 pm
Posts: 2114
Location: North 'Burbs

Seriously, the question I have now is how did North and Hernandez initially hook up? Anyone remember? Did Hernandez show up out of the blue and want to sponsor Monsters? Did he and Mike have any sort of past associations?

Top

Score is doomed

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 12:18 pm

1000 CLUB

Joined: Sat Sep 17, 2005 9:29 pm
Posts: 4614

I wonder if north was one of his investors?

Top

IkeSouth

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 12:19 pm

Joined: Thu Jul 13, 2006 1:25 pm
Posts: 27055

spmack wrote:

The Original Kid Cairo wrote:

But we don't really know what Ike is.

Yeah but he's ignorant to call Chris in St Charles a black a-hole...I've hung with the dude and he aint black...

Ok, I'm done talking about Ike South...back to the real DB - Mr. Hernandez.

black asshole means you don't wipe your ass, dumbass. it has nothing to do with skin color, unless your skin is black because you shit all over yourself. watch southpark sometime, its educational.

_________________
the world will always the world. your entire existence is defined by your response.

Top

rogers park bryan

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 12:19 pm

Joined: Wed Sep 24, 2008 12:16 pm
Posts: 81625

spmack wrote:

The Original Kid Cairo wrote:

But we don't really know what Ike is.

Yeah but he's ignorant to call Chris in St Charles a black a-hole...I've hung with the dude and he aint black...
.

Hold it Camps...a guy gets called a black asshole...and you take exception to the black part?
What kind of racist bull shit is that?

Cracka ass Cracka!!!

Top

Can of Corn

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 12:21 pm

Joined: Sun Jun 14, 2009 7:16 pm
Posts: 57
pizza_Place: mmm...SAUSAGE

IkeSouth wrote:

hopefully this will give the station back to its rightful owner though. north can run the webio as it should be, honestly i wouldnt mind if he left comcast to focus on the webio... but either way im GLAD the SEC and FEDS are taking care of business. sounds like this hernandez guy is a real piece of shit.

According to DH, Mike North hasn't invested a penny in the venture. DH is the rightful owner of Webio.

I do agree that he's a piece of shit!

Top

IkeSouth

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 12:24 pm

Joined: Thu Jul 13, 2006 1:25 pm
Posts: 27055

Can of Corn wrote:

IkeSouth wrote:

According to DH, Mike North hasn't invested a penny in the venture. DH is the rightful owner of Webio.

I do agree that he's a piece of shit!

yeah putting his bread and butter comcast show on the line, along with paying employees with personal checks, and his time invested into making webio happen means and values nothing.

_________________
the world will always the world. your entire existence is defined by your response.

Top

The Original Kid Cairo

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 12:24 pm

Joined: Thu Apr 06, 2006 12:38 pm
Posts: 39560
Location: Barfagloggle, Indiana
pizza_Place: Pizza Hut

rogers park bryan wrote:

Hold it Camps...a guy gets called a black asshole...and you take exception to the black part?
What kind of racist bull shit is that?

Cracka ass Cracka!!!

"Mmmm...racism...nigga...cracka...gotta get me a spinnin bucket...Monsters in the Morning...gotta put it on hold...Pops Stargell died...mmmmm...."

_________________
Kid Cairo's Boers & Bernstein YouTube Channel

Kid Cairo: 2013 March Madness Tournament Winner!

"Cowabunga? Cowa fucking piece of dog shit! This game is diarrhea coming out of my dick!"

Top

Jalapenos and More

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 12:29 pm

Joined: Mon May 18, 2009 6:03 pm
Posts: 1714
Location: Woo! (or Portland)
pizza_Place: Nicola's

Saying "black asshole" is not racist provided you say "white asshole," "Asian asshole," "David Hernandez-caliber asshole," etc.

_________________
I distrust those people who know so well what God wants them to do, because I notice it always coincides with their own desires. -Susan B. Anthony

Top

The Original Kid Cairo

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 12:32 pm

Joined: Thu Apr 06, 2006 12:38 pm
Posts: 39560
Location: Barfagloggle, Indiana
pizza_Place: Pizza Hut

I think it would've been more racist if he'd said "African-American asshole", cause that would just be too specific.

I gotta go to the kitchen here at work and make me a sandwich with some toasted caucasian bread.

See what I did there?

Top

good dolphin

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 12:34 pm

Joined: Thu Feb 17, 2005 2:35 pm
Posts: 82150

This information really sheds some light on the "work" being performed by the writers in this city. Less than a week ago there was a question about the financial sustainability of webio. The one and only source used by reporters to comment on the situation was Hernandez. No one thought that it would be worthwhile to check Hernandez' past in order to determine the credibility of the source. NOT ONE. That would be like reporting on a criminal case, asking the defendant if he is guilty and then tailoring a report based on that information.

_________________
O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

Top

rogers park bryan

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 12:36 pm

Joined: Wed Sep 24, 2008 12:16 pm
Posts: 81625

good dolphin wrote:

So your saying reporters shouldnt rely on "the honor system"?

Top

Hatchetman

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 12:36 pm

Joined: Mon Jan 19, 2009 11:19 am
Posts: 23915
pizza_Place: Jimmy's Place

out of curiosity how do you dig up info on a guy named david hernandez?

_________________
Reality is your friend, not your enemy. -- Seacrest

Top

spmack

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 12:36 pm

Joined: Wed Jun 16, 2004 4:26 pm
Posts: 31155
Location: West Side
pizza_Place: Paisan's in Cicero

IkeSouth wrote:

spmack wrote:

The Original Kid Cairo wrote:

But we don't really know what Ike is.

Yeah but he's ignorant to call Chris in St Charles a black a-hole...I've hung with the dude and he aint black...

Ok, I'm done talking about Ike South...back to the real DB - Mr. Hernandez.

black asshole means you don't wipe your ass, dumbass. it has nothing to do with skin color, unless your skin is black because you shit all over yourself. watch southpark sometime, its educational.

If that's the case then I apologize.

_________________

Seacrest wrote:

I rarely troll.

Top

IkeSouth

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 12:39 pm

Joined: Thu Jul 13, 2006 1:25 pm
Posts: 27055

dont apologize, this is a free-for-all fourm. that's why i keep coming back. even if i did say something racist, i wouldnt get banned and i would just take the shit from everyone. thats why this place is so cool, because its a place online where you CAN say whatever you want.

but if you really are sorry then im sorry for calling you a dumbass

_________________
the world will always the world. your entire existence is defined by your response.

Top

The Original Kid Cairo

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 12:44 pm

Joined: Thu Apr 06, 2006 12:38 pm
Posts: 39560
Location: Barfagloggle, Indiana
pizza_Place: Pizza Hut

IkeSouth wrote:

Ike, I'm seriously considering you for possibly being my favorite poster.

Top

Pappy's Crappy

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 12:47 pm

Joined: Mon Mar 20, 2006 1:19 pm
Posts: 2114
Location: North 'Burbs

Oh, to be able to go back now and listen to the conversations Hernandez and North had about starting this thing up. What was said? Who promised what to whom? What did Mike know and when did he know it, as they used to say about Nixon in Watergate.

Speaking of Watergate, maybe it will be revealed that Mike had a secret taping system in Pappyland and there ARE tapes of this. Of course, when you get to the part that would incriminate Mike, Jen will have "accidentally" erased 18 1/2 minutes of it.

Top

IkeSouth

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 12:49 pm

Joined: Thu Jul 13, 2006 1:25 pm
Posts: 27055

The Original Kid Cairo wrote:

IkeSouth wrote:

Ike, I'm seriously considering you for possibly being my favorite poster.

its all in good fun. when i first posted here years ago or whatever, i thought you guys were assholes and i couldnt believe the things said about north. i was reamed like richard simmons on a horse farm for trying to praise mike. what made me stay was those same people that laughed at me also took note when i finally did say something they liked. being here is like being in a close poker game group. we all yell and make fun of eachother, but at the end of the day -no matter what is said- we all just keep on playing. its great.

_________________
the world will always the world. your entire existence is defined by your response.

Top

hawkeye

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 12:51 pm

1000 CLUB

Joined: Mon Aug 22, 2005 10:17 am
Posts: 3073
Location: Chicago-West Side

good dolphin wrote:

This is a plague in "journalism" nowadays. The Daily Show did a great mashup ripping on CNBC when he had that feud with them a few months ago. They showed these tv experts interviewing guys who had just been arrested for Ponzi schemes, backing stocks right before the companies folded, etc. They propped up the companies by just acting as a mouthpiece for them instead of doing actual journalism. And people worry that the internet is going to kill journalism once the newspapers dry up. This is what they give us now and it's unacceptable. At least on the internet there are people who will do some digging (sometimes too much of course and getting too intrusive) but will usually get to the bottom of things. Journalists have been getting away with this for years but who's going to call them out on it? They're a self policing community in that respect so why change?

Top

IkeSouth

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 12:55 pm

Joined: Thu Jul 13, 2006 1:25 pm
Posts: 27055

you don't think its cut and dry though?

to me, it appears as this-

mike and mexican setup the webio.

the federal government gets clued into the mexican's dirty hands (who tipped them off id like to know) and freeze his accounts.

mike asks why the employees arent getting paid, and with no response, mike's "streets" come out in him and basically threatens the mexican.

mexican fires mike, and his wife, and shit hits the fan. feds admit the mexican is in deep shit. webio future in limbo.

mike has to be madder then he has ever been in his life. i would be, its going to be fun to see what mike actually says about the mexican when all said and done.

_________________
the world will always the world. your entire existence is defined by your response.

Top

The Original Kid Cairo

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 1:08 pm

Joined: Thu Apr 06, 2006 12:38 pm
Posts: 39560
Location: Barfagloggle, Indiana
pizza_Place: Pizza Hut

Hey Ike, what's your nationality? And don't say American.

Top

doug - evergreen park

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 1:28 pm

1000 CLUB

Joined: Fri May 13, 2005 4:47 pm
Posts: 28634
Location: computer
pizza_Place: Salerno's

if you are shitting black, then you really should stop drinking oil and go see a doctor.

_________________
@audioidkid

spaulding wrote:

Also if you fuck someone like they are a millionaire they might go try to be one.

Top

Jalapenos and More

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 2:20 pm

Joined: Mon May 18, 2009 6:03 pm
Posts: 1714
Location: Woo! (or Portland)
pizza_Place: Nicola's

So no Hug a Mexican day in the works?

_________________
I distrust those people who know so well what God wants them to do, because I notice it always coincides with their own desires. -Susan B. Anthony

Top

Don Tiny

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 2:45 pm

Joined: Thu May 28, 2009 11:10 am
Posts: 42094
Location: Rock Ridge (splendid!)
pizza_Place: Charlie Fox's / Paisano's

aparicio wrote:

SEC charges founder of Chicago Sports Webio in fraud

By Ameet Sachdev | Tribune reporter

11:02 AM CDT, June 15, 2009

The U.S. Securities and Exchange Commission on Monday accused David Hernandez of running a fraudulent investment scheme. Hernandez started an Internet-based sports talk show with Chicago radio personality Mike North.

In the civil lawsuit, the SEC charged Hernandez of operating a Ponzi scheme and diverting investor funds to buy cars, jewelry and a piano among other things. He also transferred funds to the bank accounts of two other companies he controlled, including Spectrum Entertainment Group Inc., which funded the talk show, Chicago Sports Webio, the SEC said.

The complaint also said that Hernandez is a convicted felon and that he and his wife, Gina Hernandez, have filed for bankruptcy in 2004, 2005 and 2006. In 1998, Hernandez was convicted of wire fraud arising from previous employment at a bank.

Hernandez could not be immediately reached for comment.

Yeah, yeah, I get all that ... what I wanna know is, how does this affect Illinois recruiting?

_________________
Power is always in the hands of the masses of men. What oppresses the masses is their own ignorance, their own short-sighted selfishness.
- Henry George

Top

RodeoVann

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 3:13 pm

Joined: Thu Jun 23, 2005 12:25 pm
Posts: 3021

Please, pappy knew who was dealing with, DH was just the only guy who would dive in, pappy was in desperation mode, he mad a deal with the devil, the devil got busted and now pappy is in a tight spot in the sense that he loses whatever small amount of credtibilty he had.

Top

Pappy's Crappy

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 3:29 pm

Joined: Mon Mar 20, 2006 1:19 pm
Posts: 2114
Location: North 'Burbs

RodeoVann wrote:

he loses whatever small amount of credtibilty he had.

OK, well, on the plus side for everyone, nothing lost there.

Top

Don Tiny

Post subject: Re: Hernandez charged with fraud by SEC

Posted: Mon Jun 15, 2009 3:37 pm

Joined: Thu May 28, 2009 11:10 am
Posts: 42094
Location: Rock Ridge (splendid!)
pizza_Place: Charlie Fox's / Paisano's

RodeoVann wrote:

Please, pappy knew who was dealing with, ...

I say, let 'em crash.

_________________
Power is always in the hands of the masses of men. What oppresses the masses is their own ignorance, their own short-sighted selfishness.
- Henry George

Top

Page 2 of 2

[ 56 posts ]

Go to page Previous 1, 2

Hernandez charged with fraud by SEC

Who is online