Eric Rohr News Today

If the amount is approved by the court and Hild's conviction survives his appeal, the restitution would be owed to four lenders and the bankruptcy estate of his former company.

The sentence was reached in consideration of cooperation with federal authorities, according to the presiding judge.

Another former Live Well Financial employee who had a hand in the scheme that caused the collapse of the Chesterfield-based mortgage company is walking away with no prison time.

The former Live Well Financial CEO still has his pending appeal as a way to potentially overturn his conviction and stay out of prison.

The former reverse mortgage industry participant remains free pending an appeal as the restitution question will be decided by someone else.

Darren Stumberger will be the third Live Well executive to stand before Judge Ronnie Abrams for sentencing in a case related to a bond scheme that defrauded several lenders and sent the company into bankruptcy.

Live Well Financial's former portfolio manager will be sentenced in August after pleading guilty to a role in a bond fraud scheme in 2019.

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The former CFO of Live Well Financial will avoid prison time due to his guilty plea and cooperation with the government in the case.

Attorneys for the U.S. government and former Live Well CEO Michael Hild disagree on the amount of restitution to be imposed.