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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 coopera...

Jury begins deliberations in Hild trial Richmond businessman Michael Hild’s future is being decided by 12 jurors in New York. Capping a final week of testimony that included him crying on the stand, Richmond businessman Michael Hild’s future now rests in the hands of 12 New Yorkers. Jury deliberations in the embattled local mortgage executive’s criminal fraud trial in Manhattan federal court begin today. The founder and former CEO of Chesterfield-based Live Well Financial, Hild faces five counts, including securities fraud, mail fraud and bank fraud, in connection with allegations of a ...

Hild trial week 2 recap: CFO grilled over details of bond fraud scheme April 26, 2021 Michael Hild’s federal criminal trial for charges of securities fraud, mail fraud and bank fraud is entering its third week in Manhattan. He is expected to take the stand in his own defense this week. ( BizSense file) The criminal fraud trial of Richmond businessman Michael Hild is headed into its third week, building up to the crescendo of Hild taking the stand to testify in his own defense. The prospect of Hild’s expected testimony was confirmed by his attorney, Benjamin Dusing, who discussed it with t...

Hild trial recap: First week dominated by guilty bond trader’s testimony April 19, 2021 Michael Hild’s federal criminal trial for charges of securities fraud, mail fraud and bank fraud is underway. ( BizSense file) While it’s Richmond businessman Michael Hild who’s on trial in Manhattan for criminal fraud charges, it was one of his former bond traders and alleged co-conspirators who got grilled last week during the case’s first week of testimony. Darren Stumberger, who has already pleaded guilty for his role in the multi-million bond pricing scheme that toppled Hild’s now-bankrupt...

Former Live Well execs to be sentenced after cooperation in Hild trial April 14, 2021 Michael Hild’s federal criminal trial for charges of securities fraud, mail fraud and bank fraud is underway. ( BizSense file) As the criminal trial of former Live Well Financial CEO Michael Hild gets going this week, two of his former lieutenants are still waiting to learn their fate. But first they are expected to take the stand against their former boss. Former Live Well CFO Eric Rohr and former executive vice president Darren Stumberger are set to be sentenced this summer for their roles in the alleged...