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Former Live Well Bond Maven Avoids Prison Time

Live Well Financial’s former chief bond trader, Darren Stumberger, has been sentenced to time served over his role in the fraud scheme that forced the mortgage company into bankruptcy. So reports Richmond BizSense.

live well financialThe sentence reflects Stumberger’s cooperation with prosecutors, which included providing secret recordings.

Live Well founder and CEO Michael Hild remains free while appealing his 44-month prison sentence, and Live Well’s former chief financial officer, Eric Rohr, was also sentenced to time served.

Read the full article from Richmond BizSense.

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