Posted by The Vanecko on June 16, 2009 at 18:46:04:
In Reply to: Police say David Hernandez is missing posted by chicagomedia.org on June 16, 2009 at 16:22:40:
: Accused Sports Webio investor missing, cops say
: June 16, 2009 3:03 PM | Chicago Tribune
: David Hernandez, the investor in a Chicago Internet radio station who was accused Monday by federal regulators of operating a Ponzi scheme, is missing, according to the Downers Grove police.
: Hernandez's wife, Gina, reported him missing after he did not return home from work Monday evening, police said. The couple live in Downers Grove.
: Hernandez, 48, was last seen driving an olive-colored 2005 Ford Explorer, police said. He was wearing a burgundy shirt and khaki pants.
: Hernandez bilked more than 100 investors in at least 12 states out of $11 million by guaranteeing fixed rates of return as high as 16 percent, the Securities and Exchange Commission said in a civil action filed Monday in federal court in Chicago.
: Hernandez told investors that their money would fund a payday lending business but instead he used the cash for personal expenses and other business ventures. One was Chicago Sports Webio, an online site that broadcasts sports-talk shows featuring Mike North, Dan Jiggetts, Chet Coppock and other radio personalities, the SEC said.
: Any person with information in regards to his whereabouts should contact the Downers Grove Police Department immediately at 630-434-5600.
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