Chicago Sports Webio Founder To Change Plea To Guilty

David J. Hernandez

The financier who backed Internet sports radio start-up CHICAGO SPORTS WEBIO and later got charged with running a $12 million Ponzi scheme is changing his plea in the case against him to guilty, his lawyer announced TUESDAY (12/1). 

DAVID HERNANDEZ had initially pleaded not guilty to four counts of mail fraud after being caught as a fugitive in JUNE, but attorney JOHN MEYER told the CHICAGO SUN-TIMES that HERNANDEZ will plead guilty at a JANUARY hearing.

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, briefly operated with a lineup of prominent former local Sports/Talkers before the operation folded due to nonpayment of salaries.

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