And so does Chicago Sports Webio
As expected, the sports-radio internet station closed its doors at 5 p.m. today. But what no one expected was embattled David Hernandez fleeing for the exit.
As of this writing, the co-founder of Chicago Sports Webio is missing. Police are asking for the public’s help in locating where the fugitive from the law is.
Hernandez was charged on Monday by the Security and Exchange Commission for running a Ponzi scheme. On Friday, co-founder Mike North, his wife BeBe and Jeff Schwartz were fired by Hernandez after checks issued by Spectrum Entertainment bounced.
With the jig up, and the SEC freezing the company’s assets, there was no choice but to shut Chicago Sports Webio down.
The website is still up and running, but the only thing being updated is the scoreboard.