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PostPosted: Wed Jun 17, 2009 10:06 pm 
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I wonder if we could raise a few bucks here and maybe have Shaer and Coppock go at it in a bum fight...sounds like they could use the cabbage.

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PostPosted: Thu Jun 18, 2009 12:59 am 
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aparicio wrote:
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Fucking Terry Boers


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PostPosted: Thu Jun 18, 2009 1:04 am 
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Tad Queasy wrote:
Reared on the Score wrote:
Mr. Shaer met Mr. Hernandez through Mr. North. He recalled at a party at Mr. North's house in 1996...


Does Ed Sherman get paid by the "Mr."? His overuse of that is pretty fucking ridiculous.


I thought I was the only one who noticed. It might be hard to do the story with Knuckles breathing on your neck.
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PostPosted: Thu Jun 18, 2009 4:10 am 
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If Papi told the SEC or the FBI that he only met Hernandez last year and was unaware of any federal convictions and only heard about him from Google, that is potential grounds for lying to a federal officer and obstruction of justice. The Supreme Court has ruled that you don't have to be under oath when you told the 'lie'


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PostPosted: Thu Jun 18, 2009 4:40 am 
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Deacon Blues wrote:
if it is true that north knew hernandez back in 1996 and was in north's house (why would shaer lie) north is in a world of hurt. You can't tell me that north did not know hernandez had been in jail for bank fraud. Mikey gots some splainin to do.


He can explain it to the F.B.I.

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PostPosted: Thu Jun 18, 2009 4:41 am 
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Beardown wrote:
aparicio wrote:
Shaer just bought himself a subpoena.

North may have prejured himself under questioning he has already undergone (although it wouldn't officially be perjury as he likely wasn't under oath).

But this means the federales have to bring him back in and ask him the questions about when did you meet? How long have you known him? were you aware he did time? Knowing that why didn't you blow the whistle when checks started bouncing? why did you let the young guys checks bounce FOUR or more times without doing anything? As an officer and director of the company did you not realize your duty to inform authorities of fraudulent practices upon becoming aware of them? Do you now, or have you ever considered Tom Shaer a friend? With all of the damage you have done to yourself why do you think Mr. Shaer would come out of the anonymity of his current life to expose your lies regarding not having known anything about this man that you have had in your home and known for 13 or more years? Would you like some more giardinara for those shoes?


Yep. You nailed it.



Lying to the F.B.I. is a crime in itself...no oath necessary.

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PostPosted: Thu Jun 18, 2009 4:45 am 
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Beardown wrote:
You gotta think Mr. Shaer went to Mr. Sherman with this story. Why would Mr. Sherman seek Mr. Shaer out?


How would anyone find Mr. Shaer?

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PostPosted: Thu Jun 18, 2009 4:47 am 
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RFDC wrote:
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If Shaer knew about this and didn't say anything to his friends then I think he is kind of a crappy friend. And I don't really understand what he has to gain coming forward now.


Exactly right.


Who else was at the party, Mr. Shaer?
The "G" will hang up and wait for your answer!

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PostPosted: Thu Jun 18, 2009 5:01 am 
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greg b wrote:
I am not trying to burst your guy's bubble or anything but North is not going to jail, unless the SEC or FBI can prove that he either helped DH with coming up the 11 mil ponzi scheme, actively recruited investors for the scheme, or knew the money for Webio was coming from the ponzi scheme, which would be very hard to prove. Even by knowing Hernandez in 1996 and lying about not knowing him in interviews is not going to send him to jail. This may cost him his job, friends from CSW and his career but jail will not happen. Madoff's wife and kid's did work with him and took million's and millions from Madoff and they aren't in any trouble. I could be completely wrong and this is not defending North, just based off my knowledge of this sort of thing, nothing will happen as far as criminal charges go. Civil and class action lawsuits are another story.



Hernandez is sure to be indicted and guess who will be appearing on the witness stand for the Government, if they are not also indicted, WHY MIKE AND BEBE NORTH, TO CLAIM THEY WERE TOO STUPID AND UNINFORMED ABOUT THIS HERNANDEZ, DIDN'T DO ANY DUE DILIGENCE, HAVE A MINIMUM OF EDUCATION, ARE SURROUNDED BY FOOLS and are Victims.

Only North and his wife and possibly an inept lawyer or accountant in their employ can truly lay out the details of the Webio startup and short lived operation better than the Company's officers for the ladies and gentlemen of the jury.

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PostPosted: Thu Jun 18, 2009 5:03 am 
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Jalapenos and More wrote:
What did you know and when did you know it, Mr. North?


Post of the Week.

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PostPosted: Thu Jun 18, 2009 8:39 am 
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Anyone else picture this party as being something similar to the one in Eyes Wide Shut?

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PostPosted: Thu Jun 18, 2009 9:07 am 
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good dolphin wrote:
Anyone else picture this party as being something similar to the one in Eyes Wide Shut?


I'm trying not to picture it at all.

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PostPosted: Thu Jun 18, 2009 9:29 am 
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Nort thought he was slick making BeBe the COO. It might land her in jail.

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PostPosted: Thu Jun 18, 2009 9:30 am 
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good dolphin wrote:
Anyone else picture this party as being something similar to the one in Eyes Wide Shut?

Wow. That would make Shaer...the piano player..North is tom cruise and his friend is DH


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PostPosted: Thu Jun 18, 2009 9:34 am 
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rogers park bryan wrote:
good dolphin wrote:
Anyone else picture this party as being something similar to the one in Eyes Wide Shut?

Wow. That would make Shaer...the piano player..North is tom cruise and his friend is DH


I know where there's a real nice piano.


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PostPosted: Thu Jun 18, 2009 9:35 am 
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greg b wrote:
One of the things that stood out to be from Shaer's article.

Quote:
Besides, Mr. Shaer said he had no reason to believe Mr. Hernandez wasn't running a legitimate business.

"He had deals with Comcast SportsNet, the White Sox, the Bears," Mr. Shaer said. "I didn't think they would get involved with the guy unless he had some sort of financial legitimacy."


I know North introduced Comcast, the White Sox and the Bears to DH but these are 3 big organizations, who should be ashamed along with North, for not doing their own background checks on DH. Why trust North when you are a these huge organizations? Comcast took DH's money for 3 months before CSW even started and didn't bother to check him out. Unreal how dumb people in charge of big corporations are.


Enron used to have the naming rights for the Houston Astros' stadium. George Bush was a consultant for that corporation before he was President...All kinds of corporations involved with stock fraud/ponzi schemes in the 90s were also big-time players in pro sports.

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PostPosted: Thu Jun 18, 2009 10:03 am 
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The collateral damage from Enron collapse is still playing out in courts across the land.

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PostPosted: Thu Jun 18, 2009 10:15 am 
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Now Chet firing on Shaer on Mac's show.

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PostPosted: Thu Jun 18, 2009 11:25 am 
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Shaer is a fucktard first and foremost.

What the hell did he think he had to gain by writing that crap? Seriously ... was it supposed to make him look smart (I knew this and that)? Was it to make him look prudent (it's not my place .... )?

Wouldn't bother me if he got punched in the nuts by a random street dweller. It would please me if such an event were caught on camera ... live ... in HD.

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PostPosted: Thu Jun 18, 2009 12:00 pm 
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Don Tiny wrote:
Shaer is a fucktard first and foremost.

What the hell did he think he had to gain by writing that crap? Seriously ... was it supposed to make him look smart (I knew this and that)? Was it to make him look prudent (it's not my place ....


Shaer called North out on a huge lie by saying he met Hernandez at a party at North's house in '96. Sure Shaer didn't go to any of the webio guys, but according to the article he did talk to an FBI agent.

Who knows how friendly Shaer was with North. Maybe he had reason not to go out of his way to help him.


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PostPosted: Thu Jun 18, 2009 12:05 pm 
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good dolphin wrote:
Anyone else picture this party as being something similar to the one in Eyes Wide Shut?



I got dibs on BeBe as long as she's wearing one of those masks!

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PostPosted: Thu Jun 18, 2009 1:16 pm 
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If Shaer is being absolutely truthful in this matter, then add him to the long list of stupid people involved in this. After knowing what Hernandez did in 1998, he figured the guy was now legitimate and he himself sat down in January to discuss a possible business deal with him? I know Hernandez "paid his debt to society" as they say, but geez, I sure wouldn't have wanted to get involved with him in anything financial. I'm all for helping ex-cons get back on their feet, but maybe with a job sweeping floors or something. That '98 stuff was some really awful shit--if you've forgotten, read that Trib story I found again.

FURTHERMORE, and I really think this is being overlooked in all this, is that DH declared bankruptcy THREE TIMES VERY RECENTLY. That was mentioned in the SEC charges and easily confirmed by me for free on a public records website. Now, I know declaring bankruptcy is not a crime, but three times in three years for a guy with Hernandez's past is a HUGE, HUGE, red flag for me. I'm not sure if this FBI guy who told Shaer Hernandez appeared clean since '98 knew about these bankruptcies or not. Also, when did the latest FBI probe begin? Don't you think the FBI had their eye on this guy back in January? To be honest with you, this FBI guy Shaer supposedly talked to doesn't sound especially brilliant either. Or, if he knew stuff he couldn't tell Shaer, than he should've said he couldn't comment, not that DH was OK.


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PostPosted: Thu Jun 18, 2009 2:47 pm 
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wealz09 wrote:
Don Tiny wrote:
Shaer is a fucktard first and foremost.

What the hell did he think he had to gain by writing that crap? Seriously ... was it supposed to make him look smart (I knew this and that)? Was it to make him look prudent (it's not my place ....


Shaer called North out on a huge lie by saying he met Hernandez at a party at North's house in '96. Sure Shaer didn't go to any of the webio guys, but according to the article he did talk to an FBI agent.

Who knows how friendly Shaer was with North. Maybe he had reason not to go out of his way to help him.


Okay, all the more reason to resubmit my question: What the hell did Schaer think he had to gain by writing that crap?

He's got zero to do with what happened (afaik) ... what's his motivation for interjecting himself into this clusterfuck? He has nothing more to do with this story than JimmyPasta, myself, or Elvis Costello, other than he is apparently acquainted on varying levels with some of the participants in this grand caper.

That said, the reason he did it so as to put his lips securely on the head of this cock-up for all it's worth. Irrespective of whether he's got a beef (god I hate Brown's) with North or anyone else -- who cares what he has to say?!?

It would be less embarassing for him if he just ran into the NBC studio tonight at 10:21 and dropped a drippy deuce on the sports desk - at least it would be entertaining.

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PostPosted: Thu Jun 18, 2009 5:29 pm 
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North comes out of this as an idiot, a criminal, or both. Only his friends in the media think of him as a victim. Shaer's defense/explanation on the Mac show today was pretty strong. So... is North mad at Shaer for not being a rat? Probably not, b/c North knew all along. Getting into business with a shady character was his Faustian deal for revenge upon WSCR.

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PostPosted: Thu Jun 18, 2009 5:47 pm 
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Jalapenos and More wrote:
North comes out of this as an idiot, a criminal, or both. Only his friends in the media think of him as a victim. Shaer's defense/explanation on the Mac show today was pretty strong. So... is North mad at Shaer for not being a rat? Probably not, b/c North knew all along. Getting into business with a shady character was his Faustian deal for revenge upon WSCR.


BINGO!!!!!

Shaer said he had talked to the FBI and they had told him that they had nothing on him and "sometimes people turn their life around". He said he had no reason to call anyone up because he didn't know they were hired until after the deal was done, plus what was he going to say? "Hey, about 11 or 12 years ago I had the FBI call me about him". Then the response would have been "Sour grapes Shaer, you're pissed you didn't get asked to the party".

And anyway, THIS SHOULD HAVE BEEN HANDLED BY BEBE AND NORTH!!!! If you are going to go into a partnership with someone and are also going to involve your friends/former co-workers, then it is up to YOU OR YOUR LAWYER to find out if your potential partner is on the up and up and has any problems in the past that would throw up a red flag in regards to doing business with him or her. This should not fall on the shoulders of someone who dealt with him/her a decade ago.

Way too many people are giving North a pass because of the Madoff angle. And what happened to "the code of the street"? I guess it doesn't apply when North ends up looking like the dumbass. Then it's every man for himself.


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PostPosted: Thu Jun 18, 2009 5:50 pm 
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Peoria Matt wrote:
[And anyway, THIS SHOULD HAVE BEEN HANDLED BY BEBE AND NORTH!!!! If you are going to go into a partnership with someone and are also going to involve your friends/former co-workers, then it is up to YOU OR YOUR LAWYER to find out if your potential partner is on the up and up and has any problems in the past that would throw up a red flag in regards to doing business with him or her. This should not fall on the shoulders of someone who dealt with him/her a decade ago.
.


but if they called the FBI they would have told him the guy was currently clean.

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PostPosted: Thu Jun 18, 2009 5:52 pm 
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North is a classless con man, who got conned. There was NO money coming in and they ALL knew it, including the so-called victim hosts. They thought Hernandez was an idiot with money.

When the COO and General Sales Manager seem to be UNAWARE that they are selling no ads and have very few listeners, they are totally complicit in the scam. They thought they were scamming Hernandez. This will all come out. They are all to blame and should not be pitied at all.


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PostPosted: Thu Jun 18, 2009 5:55 pm 
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good dolphin wrote:
Peoria Matt wrote:
[And anyway, THIS SHOULD HAVE BEEN HANDLED BY BEBE AND NORTH!!!! If you are going to go into a partnership with someone and are also going to involve your friends/former co-workers, then it is up to YOU OR YOUR LAWYER to find out if your potential partner is on the up and up and has any problems in the past that would throw up a red flag in regards to doing business with him or her. This should not fall on the shoulders of someone who dealt with him/her a decade ago.
.


but if they called the FBI they would have told him the guy was currently clean.


And if they would have done a THOROUGH background check they would have seen the bankruptcies and court cases against him. And let me know if you have that FBI number for random background checks. I'm sure they are more than happy to provide any info you ask for.


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PostPosted: Thu Jun 18, 2009 5:56 pm 
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good dolphin wrote:
but if they called the FBI they would have told him the guy was currently clean.


And I still don't get that, as I stated above. Three bankruptcies in three recent years by a guy who once stole from old ladies with cancer or whatever the fuck he did doesn't make a guy "clean" in my book--but what the hell do I know. All I have is a computer with Internet access, $3.95 to spend on the Tribune archives, and no pants.


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PostPosted: Thu Jun 18, 2009 6:09 pm 
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Here's how it's done in the grown up world.

In a friendly acquisition such as this, when an acquirer/investor (DH) approaches the target (Pappio-Webbio,) there is quite a bit of information exchange that takes place to establish the bonafides. Pretty standard stuff in a situation like this would include:
- set of financial statements from DH (preferably audited or with a DH commitment to let Pappy's bean counters do some due diligence on the numbers he showed)
- Web activity stats from Pappy, both actual and estimated
- a business plan from Pappy alone or a collaborative one with DH
- statements exchanged by their respective lawyers with respect to any litigation, on-going or anticipated
- advertiser lists, current and prospective from Pappy
- commitments to establish an escrow fund
- industry specific stuff (that I can't think of right now)

Actually, there is really no need in the Trib article (with all due respect to PC) or a bancruptcy report. Pappster should have walked away the minute DH told him that he doesn't have financials, they are confidential, or anything to that effect.

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