After
Hild Guilty
Verdict He
Gets 44 Months
Still Wants
Pending Appeal
on Dusing
Grounds
By Matthew
Russell Lee, Patreon,
Podcast
Vlog
SDNY EXCLUSIVE,
Jan 27 – 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.
On
January 27,
2023, Hild was
sentenced to
44 months
(and, it
seems, $22
million in
forfeiture).
Inner City
Press was
there and live
tweeted, here
OK-
now at
sentencing of
mortgage
fraudster
Hild, which
starts an hour
late
Hild's
lawyer
contests loss
amount, says
it "may well
be zero."
Judge rejects
argument. Says
loss may be
over $69
million, 24
level
enhancement.
Judge:
The guidelines
will be higher
than the
sentencing I
am
considering.
But I am
imposing the 2
levels for
obstruction of
justice. He
made false
statements
under oath.
Hild's lawyer:
Yes he got
over $1
million, but
it was for his
work.
Judge:
Guideline is
324 to 405
months. The
parties agree
to a variance,
but not as to
how
much.
Hild's
lawyer: His
wife and
brother in law
are here. They
lived
modestly. He
has 40
letters. We
want zero to
36 months
Hild's
lawyer: He is
not a risk to
re-offend. We
rest on our
papers AUSA:
He paid
himself large
personal
guarantee
payments to
the end. We
are asking for
15 years. It
was about
greed.
[Hild
shakes his
head]
Hild:
Can I use the
podium? I'm
sorry to all
impacted
Hild:
I'm sorry to
the City of
Richmond, and
to those
seeking to
preserve the
Chesapeake
Bay. I have a
bottomless pit
of remorse. My
wife's life
and career
have been
devastated.
There has been
a stalker.
Judge
Abrams: Mr
Hild's conduct
was brazen. He
cashed out
with millions.
He looked for
a "slimy"
counterparty.
There were
recorded
calls. He
tried to hide
money by
transfers to
his wife.
There is a
need for
general
deterrence.
I sentence Mr
Hild to 44
months. [$22
million
forfeiture
mentioned]
Hild's
lawyer: We
want bail
pending our
appeal, which
has a novel
issue.
Judge
Abrams: I
don't think Mr
Dusing's
outrageous
conduct will
result in a
new trial.
AUSA: We'll
brief.
Judge:
I won't set a
surrender date
yet.
***
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