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Jul 10, 2024 · In 2021, a jury convicted Michael Hild of securities fraud, wire fraud, and bank fraud, as well as conspiring to do so. His conviction stemmed from his role in a multi-year scheme to inflate the prices of “interest only” bonds that secured a windfall for Live Well Financial, where Hild was the chief executive and largest shareholder.
Mar 1, 2024 · After attorneys made their cases for both the U.S. government and former Live Well Financial CEO Michael Hild regarding a restitution amount owed to the company’s creditors, a magistrate judge...
Jan 22, 2023 · SDNY EXCLUSIVE, Jan 21 – Michael Hild was arraigned for fraud on Live Well Financial's reverse mortgages and home equity conversion mortgages by U.S. District Court for the Southern District of New York Judge Ronnie Abrams on September 5, 2019.
Aug 29, 2019 · Manhattan U.S. Attorney Geoffrey S. Berman said: “As alleged, Michael Hild orchestrated a scheme to deceive Live Well’s lenders by fraudulently inflating the value of its mortgage-backed bonds by over $140 million.
Jul 10, 2024 · In 2021, a jury convicted Michael Hild of securities fraud, wire fraud, and bank fraud, as well as conspiring to do so. His conviction stemmed from his role in a multi-year scheme to inflate the prices of "interest only" bonds that secured a windfall for Live Well...
A federal jury in Manhattan found Michael Hild, 46, guilty of five criminal counts. He was convicted of bank fraud, wire fraud and securities fraud after a three-week trial. The charges carry a fine of up to $5 million and a combined maximum prison sentence of 115 years.
Jan 24, 2023 · Michael Hild, the founder and former CEO of Live Well Financial Inc., was convicted in April 2021 on securities fraud, wire fraud, and bank fraud charges in a scheme to fraudulently inflate the value of a portfolio of bonds owned by the company.
