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Richmond is in the midst of a major reinvention, a fluctuating scale of positives and negatives that have breathed new life into our city while threatening its endearing and enduring
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.
A federal judge in Manhattan has shed new light on how much in criminal restitution embattled Richmond businessman Michael Hild might have to fork over.
VACU’s efforts come nearly four years after Hild’s now-defunct reverse mortgage company Live Well Financial was forced into bankruptcy and Hild was subsequently charged and convicted of fraud.
The lawsuit’s ultimate goal is to allow the Chesterfield-based lender to take possession of the real estate, likely through foreclosure, and then sell it off to help pay down the $6 million loan balance.