Posted by The Vanecko on June 29, 2009 at 17:29:12:
Webio financier coming back to Chicago
June 29, 2009 3:41 PM | No Comments
Downers Grove financier David Hernandez, who became a fugitive after being accused of running a large Ponzi scheme, is headed back to Chicago to face his criminal case.
Hernandez was released from a Downstate hospital over the weekend and made an initial appearance today in federal court in Peoria, authorities said. Hernandez, whose alleged scheme helped bankroll the local Internet radio station Chicago Sports Webio, needed medical treatment after fleeing the Chicago area and apparently attempting suicide at a hotel in Normal.
Federal officials said Hernandez waived a full hearing in Peoria, and U.S. Magistrate Judge John A. Gorman ordered him returned to Chicago.
He remains in custody, and no date has been set for his arraignment at the Dirksen U.S. Courthouse.
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