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1. www.housingwire.com › articles › updated-former-live[Updated] Former Live Well Financial CEO Found Guilty on All ...

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   Apr 30, 2021 · “As a unanimous jury found, Michael Hild obtained millions of dollars in secured loans for Live Well Financial by grossly inflating the value of bonds used as collateral,” Strauss said in a...

2. www.justice.gov › usao-sdny › prFormer CEO Of Live Well Financial Convicted In Connection ...

   www.justice.gov › usao-sdny › pr

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   Apr 30, 2021 · Manhattan U.S. Attorney Audrey Strauss said: “As a unanimous jury found, Michael Hild obtained millions of dollars in secured loans for Live Well Financial by grossly inflating the value of bonds used as collateral.

3. richmond.com › business › former-live-well-financialFormer Live Well Financial CEO used alleged bond scheme as 'a ...

   richmond.com › business › former-live-well-financial

   Michael C. Hild was the mastermind of an alleged multimillion-dollar bond fraud scheme that substantially increased the assets of his Live Well Financial reverse mortgage business by tens of...

4. richmond.com › business › updated-federal-jury-findsUPDATED: Federal jury finds Hild guilty of all five criminal ...

   richmond.com › business › updated-federal-jury-finds

   Michael C. Hild, founder and former CEO of the now-defunct Chesterfield County-based Live Well Financial, has been found guilty by a federal jury of five criminal counts in a...

5. Videos

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     richmond.com

     UPDATED: Federal jury finds Hild guilty of all five criminal counts in bond scheme

     25 Oct 2024

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     richmond.com

     Michael Hild, former Live Well Financial CEO, sentenced to 44-month prison term

     31 Jan 2023

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     0:24

     youtube.com

     Michael Hild found guilty of fraud

     30 Apr 2021

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6. richmond.com › business › federal-jury-deliberatingFederal jury deliberating role that former Live Well ...

   richmond.com › business › federal-jury-deliberating

   The fate of Michael C. Hild, who federal prosecutors claim was the mastermind behind a multimillion-dollar bond fraud scheme, is in the hands of a jury.

7. www.wric.com › news › crimeRichmond businessman convicted in connection with $200 ...

   www.wric.com › news › crime

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   May 3, 2021 · “As a unanimous jury found, Michael Hild obtained millions of dollars in secured loans for Live Well Financial by grossly inflating the value of bonds used as collateral,” Strauss said.

8. People also ask

   How did Michael Hild acquire millions of dollars?

   • Michael Hild acquired millions of dollars by grossly inflating the value of bonds used as collateral for secured loans at Live Well Financial, as found by a unanimous jury.

   Former CEO Of Live Well Financial Convicted In Connection

   www.justice.gov/usao-sdny/pr/former-ceo-live-well-financial-convicted-connection-200-million-bond-fraud-scheme

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   Who is Michael Hild?

   • Michael Hild is a former CEO of Live Well Financial. Live Well was a Richmond, Virginia-based company that originated, serviced, and securitized government-guaranteed reverse mortgages known as Home Equity Conversion Mortgages (HECMs).

   Former CEO Of Live Well Financial Convicted In Connection

   www.justice.gov/usao-sdny/pr/former-ceo-live-well-financial-convicted-connection-200-million-bond-fraud-scheme

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   Why was Hild convicted?

   • U.S. Attorney Audrey Strauss said the charges were brought against Hild in connection with a scheme to fraudulently inflate the value of a portfolio of bonds owned by Live Well in order to persuade various securities dealers and at least one financial institution into loaning more money to the company.

   Richmond businessman convicted in connection with $200 million bon…

   www.wric.com/news/crime/richmond-businessman-convicted-in-connection-with-200-million-bond-fraud-scheme/

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   How many counts of fraud did Hild get convicted of?

   • Hild, 46 of Richmond, Virginia, was convicted of five counts of fraud: one count of conspiracy to commit securities fraud; one count of conspiracy to commit wire and bank fraud; one count of securities fraud; one count of wire fraud; and one count of bank fraud.

   Former CEO Of Live Well Financial Convicted In Connection

   www.justice.gov/usao-sdny/pr/former-ceo-live-well-financial-convicted-connection-200-million-bond-fraud-scheme

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   Did Michael Hild deceive a third-party pricing service?

   • “Hild deceived a third-party pricing service by providing it with inflated marks, resulting in the pricing service publishing valuations for the bonds far in excess of market value,” Strauss said. “Now, Michael Hild awaits sentencing for his crimes.”

   Richmond businessman convicted in connection with $200 million bon…

   www.wric.com/news/crime/richmond-businessman-convicted-in-connection-with-200-million-bond-fraud-scheme/

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   How much money can Hild be convicted of?

   • Hild is scheduled to be sentenced on August 20. The charges also contain a maximum fine of $5 million, or twice the gross gain or loss from the offense. Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

   Richmond businessman convicted in connection with $200 million bon…

   www.wric.com/news/crime/richmond-businessman-convicted-in-connection-with-200-million-bond-fraud-scheme/

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9. casetext.com › case › united-states-v-hild-32United States v. Hild, 19-CR-602 (RA) - Casetext

   casetext.com › case › united-states-v-hild-32

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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.