Report: Chicago Sports Webio Parent Probed By FBI
June 15, 2009 at 5:08 AM (PT)
The FBI is now involved in the investigation of the companies behind SPECTRUM ENTERTAINMENT, the parent of CHICAGO SPORTS WEBIO, the online sports talk station launched last year by former CBS RADIO Sports WSCR-A (670 THE SCORE)/CHICAGO host MIKE NORTH, according to the CHICAGO TRIBUNE.
NORTH was fired as SVP of the station FRIDAY, as was his wife BEBE (as COO) and JEFF SCHWARTZ (GSM), although NORTH said that he would continue to host his "MONSTERS OF THE MORNING" daily show with DAN JIGGETTS on the station and COMCAST SPORTSNET. NORTH told the CHICAGO TRIBUNE's PHIL ROSENTHAL that he and his wife learned that SPECTRUM's checks were bouncing and asked CEO DAVID HERNANDEZ for an explanation, whereupon thery were fired. ROSENTHAL reports that the FBI executed search warrants on HERNANDEZ' NEXTSTEP MEDICAL STAFFING and NEXTSTEP FINANCIAL on FRIDAY.
On SUNDAY, TRIBUNE reporter BECKY YARAK reached HERNANDEZ, who said that the FBI investigation was the result of a "disgruntled ex-employee who I caught misappropriating funds" who was fired several weeks ago, adding that the bounced checks may have been the result of the FBI freezing the companies' accounts and saying "none of our companies are having any troubles."