Convicted Ponzi schemer accused of faking cancer

August 27, 2010 7:05:25 AM PDT
A man who pleaded guilty to swindling millions of dollars from investors is now in more trouble.

According to the Chicago Sun-Times, David Hernandez was arrested Thursday because prosecutors say he submitted a fake doctor's note indicating he was being treated for cancer to stay out of jail.

Hernandez had been out free on bond. But that could be revoked at a status hearing next week.

Hernandez pleaded guilty to diverting money to Chicago Sports Webio, an Internet-based sports-talk station.


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