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Live Well CEO Gets a Breather on SEC Charges

Tuesday, Dec 10 2019
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The head of a Virginia reverse mortgage lender that abruptly shut down earlier this year can hit pause on at least one of the legal cases against him. So reports Richmond BizSense.

The U.S. Attorney for the Southern District of New York has won approval to have civil charges by the Securities and Exchange Commission set aside until criminal charges against Michael Hild, CEO of the defunct Live Well Financial, are resolved.

Hild is scheduled for trial in Manhattan federal court in October 2020 on charges of securities fraud, mail fraud and bank fraud as part of an alleged scheme to scam lenders out of millions of dollars.

Read the full article from Richmond BizSense.

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