USA v. Hild
Nature of Suit:
- Archer & Greiner
- Blank Rome
- Davis Wright Tremaine
- Gellert Scali
- Law Offices of Benjamin G. Dusing
- Morvillo Abramowitz
- Spotts Fain
- Stradley Ronon
Sectors & Industries:
February 28, 2023
A reverse-mortgage CEO who was convicted in 2021 of a four-year fraud that allegedly cost lenders over $69 million was granted bail while he awaits a decision on his appeal, which will argue in part that his previous lawyer was distracted by a personal legal matter.
January 27, 2023
A Manhattan federal judge on Friday hit disgraced reverse-mortgage CEO Michael Hild with 44 months in prison for a four-year course of lies that felled his now-bankrupt company, Live Well Financial, and cost lenders over $69 million.
January 23, 2023
Manhattan federal prosecutors say the founder and former CEO of a reverse mortgage company should serve a lengthy prison term after he was convicted of a "brazen and egregious" fraud, telling a judge 15 years behind bars would be an appropriate punishment.
December 08, 2022
The convicted ex-CEO of a reverse mortgage company lost his bid for acquittal or a new trial on fraud charges after a New York federal court rejected his argument that his lawyer had been ineffective and distracted by a personal lawsuit.
August 23, 2021
Trial counsel for Michael Hild, the convicted CEO of a reverse mortgage company, on Friday denied that he was distracted by a child custody fight when a Manhattan federal jury heard evidence and convicted Hild of orchestrating a large-scale fraud.
August 02, 2021
A Manhattan federal judge called for more information Monday about former reverse-mortgage CEO Michael Hild's allegation that his trial counsel was distracted by accusations of "violent and abusive behavior" in a child custody fight even as Hild was tried and convicted for fraud.
April 30, 2021
A Manhattan federal jury on Friday convicted Live Well Financial founder Michael Hild of inflating the reverse-mortgage company's debt by hundreds of millions and taking $24 million in pay before it went under, rejecting his claim that he was "along for the ride" as others broke the law.
April 28, 2021
Live Well Financial founder Michael Hild cried Wednesday as he recalled the bankruptcy of his business, but prosecutors who say he illegally overvalued the company while paying himself $24 million pushed back after Hild told Manhattan jurors he was "just along for the ride" and wasn't to blame.
April 14, 2021
Live Well Financial founder Michael Hild had no intent of deceiving lenders, his counsel suggested to a Manhattan jury Wednesday, pushing back in vague terms against charges that the reverse-mortgage millionaire overvalued the bankrupt company's bonds as he took $24 million of pay.
September 05, 2019
The CEO of now-bankrupt reverse mortgage provider Live Well Financial Inc. on Thursday denied accusations that he orchestrated a $140 million scheme involving overvalued bonds that prosecutors say cost lenders tens of millions of dollars.