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After Hild Found Guilty Juror Tells Inner City Press Of Devil's Advocates and Crocodile Tears

By Matthew Russell Lee, Patreon, Podcast Vlog

SDNY EXCLUSIVE, Jan 21 – Michael Hild was arraigned for fraud on Live Well Financial's reverse mortgages and home equity conversion mortgages by U.S. District Court for the Southern District of New York Judge Ronnie Abrams on September 5, 2019. Inner City Press covered it, here.

Now, after the guilty verdict, one of the Hild jurors requesting anonymity has told Inner City Press: "The 3 week trial was definitely an interesting and wild one that's for sure but I'm happy that it's finally coming to a close after a year and eight months since our verdict. The background for me was easy from having experiences with reverse mortgages in the past so everything that was described in court was straight forward. I thought Hild's attorney did a fine job in representing him, I think the evidence against Hild was just too high of a mountain to climb and get out.

"The most damaging part of the case was obviously the testimony from Stumberger and Rohr. Knowing that they were cooperating with the government. I had my doubts on what they were saying at first and tried to have an open mind. But once the recordings were played I think everyone in that courtroom all knew what they were doing was wrong. I think the quote from Hild on the recording was something along the lines of the Scenario... I forgot the number... was a self generating money machine. Between all of the recordings, the visualizations of the HECM IO bonds being grossly inflated and increased perfectly which is something that would never happen.

 I think once they realized that IDC was publishing their pricing exactly, it opened up all of those opportunities. I think Hild testifying really didn't do that much for me. When he first got on the stand I wanted to believe him and was keeping an open mind with all of the evidence presented before hand. But I think once he got on the stand I think he realized what he did was wrong and once he started crying on the stand it reminded me of crocodile tears.

The final nail in the coffin was when Rohr resigned and the new exec. didn't want to sign the statements as they understood the walls were caving in to the whole plan and didn't want to be a part of it for how much they inflated the portfolio.

  Once we went into deliberations that morning, I think we all looked at each other and within 30 minutes we all knew that we were all on the same page with a guilty verdict on all the counts and there really was no doubt for how well the government proved their case.

That's the reason why it only took us less than half of the day to deliberate, the evidence against Hild was far too strong for anyone to get him out of that hole. We went count by count taking the evidence that was provided and seeing what would place a guilty verdict for each and it was clear.

One or two of us tried to play devil's advocate and tried to raise any sort of doubt in the government's evidence but if any doubt was made at one thing there was a mountain of five or six other things to back it up.  Other than that, I'm curious to see what the court's sentence is going to be next Friday and love following you and your other cases you report on."


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