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Live Well Financial CEO Michael Hild Convicted of Fraud over Inflating Value of Bonds as Collateral

Live Well Financial CEO Michael Hild Convicted of Fraud over Inflating Value of Bonds as Collateral Posted on 04/30/2021 VA-based Live Well Financial, Inc. was a privately-owned mortgage originator, servicer and investor, licensed in the United States to operate in 46 states. Michael C. Hild, the company’s CEO, was convicted of conspiring to inflate the value of bonds used as collateral for loans. Hild pleaded not guilty. Hild was found guilty by a federal jury in New York. Former Live Well Chief Financial Officer Eric Rohr and former head trader Darren Stumberger pleaded guilty and cooperated with the U.S. government in a bid to get lighter sentences.

Teary Ex-Mortgage CEO Tells Jury Biz Failure Not His Fault

ADVERTISEMENT ADVERTISEMENT Teary Ex-Mortgage CEO Tells Jury Biz Failure Not His Fault Law360, New York (April 28, 2021, 4:24 PM EDT) Live Well Financial founder Michael Hild cried Wednesday as he recalled the bankruptcy of his business, but prosecutors who say he illegally overvalued the company while paying himself $24 million pushed back after Hild told Manhattan jurors he was just along for the ride and wasn t to blame. The back-and-forth came during a third week of the 46-year-old reverse-mortgage millionaire s trial on charges of conspiracy and fraud being overseen by Manhattan U.S. District Judge Ronnie Abrams. The jury is expected to begin deliberations by the end of the week.

Teary Ex-Mortgage CEO Tells Jury Biz Failure Not His Fault

Teary Ex-Mortgage CEO Tells Jury Biz Failure Not His Fault
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