You may have seen ads on RadioInsight over the past few months for ChicagoSportsWebio.com, the internet sports talker founded by former WSCR morning host Mike North and David Hernandez. Early last week rumors started swirling that the webcaster would soon add a traditional AM simulcast. By Friday, North, his wife, and Jeff Schwartz another partner in the site were fired by Hernandez after North questioned why paychecks were bouncing.
The story got stranger over the weekend as the FBI and SEC announced that Hernandez had prior convictions and was under a criminal investigation that led to the discovery that Hernandez was running a Ponzi scheme. As of this writing he is reportedly missing and ChicagoSportsWebio will shut down later today, while North’s morning show will continue its TV simulcast on Comcast Sportsnet Chicago for now. ChicagolandRadioAndMedia.com and Ed Sherman of Crain’s Chicago Business have been all over the story.
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