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 Post subject: Bernstein blog on Webio
PostPosted: Tue Jun 16, 2009 11:23 am 
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http://www.670-thescore.com/blog/2009/0 ... esday-616/

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Now, rather than respond at length to each individual e-mail regarding the flameout of the internet-radio venture, my thoughts follow.

I feel for the youngsters who did not know better (even the guys I warned, personally, that this appeared too good to be true in a time of historic fiscal contraction). I have little sympathy for experienced, major-market veterans who showed poor judgement and made unwise professional choices.

The SEC charges are civil, not criminal. There can be assets frozen and fines levied as a result of it, but the real story now is the ensuing FBI investigation. It is rare that the feds execute raids, grabbing files and computers from offices, etc., if no indictments are to follow. Once depositions and testimony begin, we will begin to answer the key question — an answer forced by investigators — guilty, or stupid? There is no middle ground for those involved with this in any managerial or executive capacity: you are either directly involved in criminal activity, indirectly involved (aiding and abetting the activity), or you must profess under oath to being one of the dumbest people on the face of the earth.

Those involved in the recruitment of others to this business could be in deep legal trouble. They must stop talking immediately, and move quickly to hire talented criminal attorneys. There is particular peril for those with long-standing connection to David Hernandez, as such complex relationships make the claim of “I had no idea” unlikely to be proven to the satisfaction of a reasonable juror.



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PostPosted: Tue Jun 16, 2009 11:28 am 
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a jury wouldn't believe mike north is stupid? i doubt that.

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PostPosted: Tue Jun 16, 2009 11:31 am 
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Those involved in the recruitment of others to this business could be in deep legal trouble. They must stop talking immediately, and move quickly to hire talented criminal attorneys.



Very sound advise. It may be too late. North has been talking way too much about everything.

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PostPosted: Tue Jun 16, 2009 11:42 am 
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Ahaaaaaa, guilty or stupid as his defense? To help him prove
his stupidity, he put Boom Boom Mancini on the air from California
to Chicago Sports. Now I understand....maybe he's not so dumb
afterall.....North is crazy........crazy like a fox.....

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PostPosted: Tue Jun 16, 2009 11:48 am 
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Reared on the Score wrote:
There is no middle ground for those involved with this in any managerial or executive capacity: you are either directly involved in criminal activity, indirectly involved (aiding and abetting the activity), or you must profess under oath to being one of the dumbest people on the face of the earth.


I don't know if I agree with this. I've worked for private companies in the past where the owners would often supply additional capital as needed when there were downturns in the industry. I never ran a background check on the owner. Does that make me one of the dumbest people on the face of the earth? I don't think so. I think I am for other reasons entirely.

A few differences include - I was never in negotiations to be a "co-owner" and I had a bit more history with the people to feel comfortable that they weren't criminals. But, I didn't at first. At first, I was just an employee getting a check from a privately funded group that could have been robbing banks, I guess, for all I knew. This was before you could do a Pappy's Crappy style internet search however. I would have had to hire some service to do so.

I've worked a few places and I've never heard of an employee running a criminal background check on their prospective employer. I will say that I probably will in the future.

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PostPosted: Tue Jun 16, 2009 12:02 pm 
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This quote from Ed Sherman's article quoting North has me wondering:

"Mr. North said during the weekend, "Mr. Hernandez has no control over the show. I plan on being there."

Mr. North said he has another sponsor in place to replace NextStep. He wouldn't disclose the name.

"I"ve had them for about a month," Mr. North said. "They're just waiting." "


If he has had a replacment sponsor in the wings for a month and the current sponsor is the owner and partner of his primary business that means he knew a month ago that something wasn't right. During that month at least 50 bad checks were kited. Some employees had 4...thats FOUR ....payroll checks bounce. As an officer and executive (and perhaps Director, not sure) of the company his knowledge of problems and attempts to get a backup sponsor would be very interesting for the Feds to probe in answer to the question "What did he know and when did he know it"?

I think he'd be wise to follow Danny's advice and to stop flapping his jaws. Between the admissions in Sheman's pieces, the admissions of no due dili on Roe Conn yesterday and then the CYA crap in the Ted Cox article there is enough out there for anyone to start fishing. I'm sure the Feds will want to talk to the new "sponsor" that's been in the wings for a MONTH.

This gets uglier by the hour.

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PostPosted: Tue Jun 16, 2009 12:05 pm 
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aparicio wrote:
I think he'd be wise to follow Danny's advice and to stop flapping his jaws.


You realize who you're talking about here, don't you? Mike North stop flapping his jaws? Unlikely.


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PostPosted: Tue Jun 16, 2009 12:13 pm 
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Personally, I think Mr Streetwise keeps flappin his gums so a jury can actually say "shit, this is one of the stupidest ppl ever".

His lawyers could be the Three Stooges for all I care, cuz thats what It looks like so far. Next time he hits his head on MITM, see if you hear that protruding hollow sound.

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PostPosted: Tue Jun 16, 2009 12:15 pm 
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Supercup wrote:
His lawyers could be the Three Stooges for all I care, cuz thats what It looks like so far.


Or Dewey, Cheatam, and Howe.


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PostPosted: Tue Jun 16, 2009 12:17 pm 
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i think bernstein, as usual, is a littler over the top with his analysis. he basically called bebe and north the dumbest people on the planet- and for that, bernsie, i call you the bitchiest. mike isn't in legal trouble, nobody at CSW is besides hernandez. im glad "you knew ahead of time" bernsie, what a profit, i mean poser, you are.

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PostPosted: Tue Jun 16, 2009 12:20 pm 
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Pappy's Crappy wrote:
Supercup wrote:
His lawyers could be the Three Stooges for all I care, cuz thats what It looks like so far.


Or Dewey, Cheatam, and Howe.


Whiteman, Small, Johnson are real good.

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PostPosted: Tue Jun 16, 2009 12:25 pm 
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Bernsie is in his glory right now. He never liked North and his contingent at the Score, and this webbio failure proves that he was right all a long. B and B danced on Murph's grave, and Bernsie was down right gleeful to make fun of North ( of course, not referring to him by name).

I am not a fan of North's, but B and B need to leave it alone. You guys won - the others are out and they lost. Act like gracious winners - after all, bernsie, there's lots that we all can be called out on - like how's that play by play career coming along? Big calls from the networks lately? Hear Greenberg may be hosting a new show on ABC - aren't you happy for him?


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PostPosted: Tue Jun 16, 2009 2:45 pm 
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I heard the opening of the "B & B" show today, and the way Dan B. was describing the story, he thinks that everyone involved needs to keep quiet...


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PostPosted: Tue Jun 16, 2009 2:59 pm 
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SHARK wrote:
I heard the opening of the "B & B" show today, and the way Dan B. was describing the story, he thinks that everyone involved needs to keep quiet...


Which is the first thing a lawyer would advise someone to do. I don't think Dan is over the top; far from it.

And North right now isn't being investigated. But if he keeps talking, who knows.

Eventually, if you make enough noise; someone might look.


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PostPosted: Tue Jun 16, 2009 3:06 pm 
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Even if it was over the top right now, the full discovery has not been disclosed. Further information could make things worse for everyone.

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PostPosted: Tue Jun 16, 2009 3:27 pm 
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didea wrote:
Bernsie is in his glory right now. He never liked North and his contingent at the Score, and this webbio failure proves that he was right all a long. B and B danced on Murph's grave, and Bernsie was down right gleeful to make fun of North ( of course, not referring to him by name).

I am not a fan of North's, but B and B need to leave it alone. You guys won - the others are out and they lost. Act like gracious winners - after all, bernsie, there's lots that we all can be called out on - like how's that play by play career coming along? Big calls from the networks lately? Hear Greenberg may be hosting a new show on ABC - aren't you happy for him?


Bersey owes North big time for putting Sports talk radio & WSCR on the map in Chicago.

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PostPosted: Tue Jun 16, 2009 3:31 pm 
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Oh for the love of God, will you shut the fuck up!!

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PostPosted: Tue Jun 16, 2009 4:13 pm 
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JohnKirk wrote:
didea wrote:
Bernsie is in his glory right now. He never liked North and his contingent at the Score, and this webbio failure proves that he was right all a long. B and B danced on Murph's grave, and Bernsie was down right gleeful to make fun of North ( of course, not referring to him by name).

I am not a fan of North's, but B and B need to leave it alone. You guys won - the others are out and they lost. Act like gracious winners - after all, bernsie, there's lots that we all can be called out on - like how's that play by play career coming along? Big calls from the networks lately? Hear Greenberg may be hosting a new show on ABC - aren't you happy for him?


Bersey owes North big time for putting Sports talk radio & WSCR on the map in Chicago.


Uh; no he doesn't.


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PostPosted: Tue Jun 16, 2009 4:14 pm 
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Here is something people need to learn. Those nice guys, those people who only say good things about people, who never air beefs publicly, who always treat someone with respect even though they don't deserve it, who are all full of that sugary sweetness, THOSE ARE THE PEOPLE YOU WATCH OUT FOR.

Those people do what happened with this Internet Radio scam, con trusting people. I don't know if North was an active participant or a rube, but just because he has a "nice" persona don't believe he was definately innocent. I would not be surprised if North knew a lot more than people think.

I hope no one who was a victim of this does anything drastic and just learns from this. I hope the victims just become more cynical and ask more questions before jumping into something. No matter where you are in your life, life goes on and things do get better.


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PostPosted: Tue Jun 16, 2009 4:18 pm 
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didea wrote:
Bernsie is in his glory right now. He never liked North and his contingent at the Score, and this webbio failure proves that he was right all a long. B and B danced on Murph's grave, and Bernsie was down right gleeful to make fun of North ( of course, not referring to him by name).

I am not a fan of North's, but B and B need to leave it alone. You guys won - the others are out and they lost. Act like gracious winners - after all, bernsie, there's lots that we all can be called out on - like how's that play by play career coming along? Big calls from the networks lately? Hear Greenberg may be hosting a new show on ABC - aren't you happy for him?


The two episodes aren't comparable in my mind. Murph was just a guy who was replaced as radio host and yeah, Terry should have maybe let it go and been a gracious "winner."

The North thing is an ongoing news story about a criminal case with fraud and Ponzi schemes and a guy on the run. Plus North won't shut his yap about this; Murph just went away quietly.


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PostPosted: Tue Jun 16, 2009 4:23 pm 
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Father Creepy wrote:
I hope no one who was a victim of this does anything drastic and just learns from this. I hope the victims just become more cynical and ask more questions before jumping off of something. No matter where you are in your life, life goes on and things do get better.




Fixed.

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PostPosted: Tue Jun 16, 2009 4:29 pm 
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Pappy's Crappy wrote:
didea wrote:
Bernsie is in his glory right now. He never liked North and his contingent at the Score, and this webbio failure proves that he was right all a long. B and B danced on Murph's grave, and Bernsie was down right gleeful to make fun of North ( of course, not referring to him by name).

I am not a fan of North's, but B and B need to leave it alone. You guys won - the others are out and they lost. Act like gracious winners - after all, bernsie, there's lots that we all can be called out on - like how's that play by play career coming along? Big calls from the networks lately? Hear Greenberg may be hosting a new show on ABC - aren't you happy for him?


The two episodes aren't comparable in my mind. Murph was just a guy who was replaced as radio host and yeah, Terry should have maybe let it go and been a gracious "winner."

The North thing is an ongoing news story about a criminal case with fraud and Ponzi schemes and a guy on the run. Plus North won't shut his yap about this; Murph just went away quietly.


Exactly. I certainly wasn't a Murph fan by any stretch; but he didn't piss people off left and right and then didn't shut up about it. Northy pissed on everyone; and now those who got pissed on are having their say.


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PostPosted: Tue Jun 16, 2009 4:36 pm 
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JohnKirk wrote:
Bernsie owes North big time for putting Sports talk radio & WSCR on the map in Chicago.


So, does today represent you going full-on retard, or is that still yet to come?

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PostPosted: Tue Jun 16, 2009 5:14 pm 
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Don Tiny wrote:
JohnKirk wrote:
Bernsie owes North big time for putting Sports talk radio & WSCR on the map in Chicago.


So, does today represent you going full-on retard, or is that still yet to come?


And here I thought he started at full-on retard and decided to take it up to "11" on the amplifier.


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PostPosted: Tue Jun 16, 2009 5:27 pm 
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JohnKirk wrote:
I'm a complete shill, a major douchebag, and spend way too much of my time scurrying around this hater-filled board blindly defending my God, and hero, Mike North. I admit it, I'm a total dipshit.


Really happy to see you come around, Kirk. I was just starting to despise you as much as the Grobber despises soap.


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PostPosted: Tue Jun 16, 2009 5:31 pm 
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Frontman wrote:
SHARK wrote:
I heard the opening of the "B & B" show today, and the way Dan B. was describing the story, he thinks that everyone involved needs to keep quiet...


Which is the first thing a lawyer would advise someone to do. I don't think Dan is over the top; far from it.

And North right now isn't being investigated. But if he keeps talking, who knows.

Eventually, if you make enough noise; someone might look.


We don't know if the F.B.I. has talked to him....I would hazard a guess they sure as shit have.

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PostPosted: Tue Jun 16, 2009 5:54 pm 
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Aggravated Sox Fan Bob wrote:
Frontman wrote:
SHARK wrote:
I heard the opening of the "B & B" show today, and the way Dan B. was describing the story, he thinks that everyone involved needs to keep quiet...


Which is the first thing a lawyer would advise someone to do. I don't think Dan is over the top; far from it.

And North right now isn't being investigated. But if he keeps talking, who knows.

Eventually, if you make enough noise; someone might look.


We don't know if the F.B.I. has talked to him....I would hazard a guess they sure as shit have.


I think Dan's point was well-taken that if one, even if not a primary target of an ongoing investigation, keeps making public statements about it, one is almost certain somewhere along the line, to say something or introduce a little contradiction to something previously said, that will arouse the interest of the Feds. They don't mess around with shit like this. However, it seems that just like with the background investigations, North has no one competent advising him on the proper course of action here. Mr "Street" is going to "settle the score" himself and he may be sorry.


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PostPosted: Tue Jun 16, 2009 6:02 pm 
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I know someone, who had someone running a ponzi scheme through their clearing house, unknown to them. They did several background checks on the guy because the rate of money he was going through money was suspicious, and could never find anything because the guy was never a convicted felon or anything like that. After the guy got caught, every employee who had any dealings with the customer had to go through a deposition. This will happen to North, Be-Be and Spaceball no doubt about it. If they had any wrong doings in the matter, it will be found out. North will also be potentially be named in a class action lawsuit since DH used 275K of the money for CSW.


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PostPosted: Tue Jun 16, 2009 6:03 pm 
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greg b wrote:
I know someone, who had someone running a ponzi scheme through their clearing house, unknown to them. They did several background checks on the guy because the rate of money he was going through money was suspicious, and could never find anything because the guy was never a convicted felon or anything like that. After the guy got caught, every employee who had any dealings with the customer had to go through a deposition. This will happen to North, Be-Be and Spaceball no doubt about it. If they had any wrong doings in the matter, it will be found out. North will also be potentially be named in a class action lawsuit since DH used 275K of the money for CSW.


OK, that's encouraging. I like what I'm hearing . . .


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PostPosted: Tue Jun 16, 2009 6:06 pm 
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Pappy's Crappy wrote:
greg b wrote:
I know someone, who had someone running a ponzi scheme through their clearing house, unknown to them. They did several background checks on the guy because the rate of money he was going through money was suspicious, and could never find anything because the guy was never a convicted felon or anything like that. After the guy got caught, every employee who had any dealings with the customer had to go through a deposition. This will happen to North, Be-Be and Spaceball no doubt about it. If they had any wrong doings in the matter, it will be found out. North will also be potentially be named in a class action lawsuit since DH used 275K of the money for CSW.


OK, that's encouraging. I like what I'm hearing . . .


I do have to say that I don't think North was going out with DH getting people to invest in this 16% bullshit, and probably thought the money was coming from his business, but if you profit in anyway from a ponzi scheme, even if you had no idea where the money came from, you can be added to any type of class action lawsuit.


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