(yes this is buried elsewhere - deal with it)
North, other ex-employees sue Webio founder Hernandez
By: Ann Saphir - Aug. 11, 2009
(Crain's) -- Chicago sports talk personality Mike North is leading a group of former employees of the now-defunct ChicagoSportsWebio.com in suing the Internet-based radio station founder David Hernandez for allegedly failing to pay wages.

Mr. Hernandez, who co-founded Webio with Mr. North in January, last month pleaded not guilty to federal mail fraud charges in a Ponzi scheme that allegedly bilked nearly 300 investors out of $3.5 million. Mr. Hernandez is also the target of a civil lawsuit by the Securities and Exchange Commission, which alleges he illegally used investors' money to fund payroll and pay other bills at the radio startup.

In an Aug. 5 lawsuit filed in Cook County Circuit Court in Chicago, Mr. North and 12 other former Webio employees (including Mr. North's wife Beatrice) say Mr. Hernandez failed to pay all wages due, in some cases issuing checks returned by the bank for "insufficient funds."

Eight of the plaintiffs demanded damages of more than $50,000, and all demand an unspecified amount of wages due.

Several of the plaintiffs, not including the Norths, also alleged breach of contract for terminating their employment without notice. Joining the former employees is Licorice Ltd., which says it owns the domain name for the ChicagoSportsWebio.com site; it is asking the court to block Mr. Hernandez from using the site in the future.

Mr. North was a "partner, executive vice-president and on-air host" of the radio venture, and his compensation included an annual salary of $250,000 and 30% ownership of the radio venture, according to an employment offer letter attached to the complaint. His wife, known as Be-Be, was chief operating officer. Both were fired on June 12, according to the lawsuit.

The Web site went off air a few days later after the FBI's and SEC's investigations of Mr. Hernandez became public.

Mr. North and his wife, along with Mr. Hernandez, are targets of a civil suit by two investors in Mr. Hernandez's scheme. Filed in federal court in Chicago on July 26, the lawsuit alleges that money paid to Webio employees was stolen from investors, and demands its return.

_________________
fan of Latinspice. fan of DJ Julie. fan of L.E.A.N.

nice of you to be late to the party, once again.

sorry, i was busy making money - but thanks for playing.

_________________
fan of Latinspice. fan of DJ Julie. fan of L.E.A.N.

Kinda early for turning tricks unless you were in front of 222 N. LaSalle.

_________________
"Play until it hurts, then play until it hurts to not play."
http://soundcloud.com/darkside124 HOF 2013, MM Champion 2014

funny

Webio was soooo June 2009

-Mr. North was a "partner, executive vice-president and on-air host" of the radio venture, and his compensation included an annual salary of $250,000 and 30% ownership of the radio venture, according to an employment offer letter attached to the complaint. His wife, known as Be-Be, was chief operating officer. Both were fired on June 12, according to the lawsuit.

So North says he was a "Partner" and he is sueing Hernandez for not paying him?

Would love to see just one of these guys (Jessie, Chet, Fred, Webby) sue North for their salary?
$250K, So $20G a month for 2/3 months and some of Bebe COO money? Looks like the North pocketed a god $100,000 from this scheme.

_________________
"That's what the internet is for. Slandering others anonymously." Banky
“Been that way since one monkey looked at the sun and told the other monkey ‘He said for you to give me your fuckin’ share.’”

and you will have to pry that $$$ from his cold dead hands cause he aint giving it back without a fight. i can hear nort saying "Fuck those investors, hernandez promised me and bee 350K and we worked hard for this project and deserve our money. so these investors lost their life savings, but i needed my salary to pay fer my vegas condos. "

_________________
Frank Coztansa wrote:
Please die in a fire.