Financial Fraud

Former Live Well Financial CEO Michael Hild Guilty of Fraud

Michael Hild Guilty of Fraud

Photo Credit: (BizSense file) A federal jury in Manhattan found Michael Hild, a businessman of Richmond’s former rapidly expanding mortgaging firm Live Well Financial, guilty of five criminal offenses on Friday for his part in a mass bond pricing scheme. After deliberation for about half a day, the decision was rendered, ending a three-week-long court. On all three charges, he was found guilty on both counts: securities, postal fraud, and bank fraud. He was convicted in 2019 on allegations ironic to Live Well’s shutdown. During the investigation, the US government … Read more

Joseph A. Gonzalez Sentenced to Prison in $9M Mortgage Fraud Scam

A Henderson resident becomes incarcerated for 18 months in New Jersey Thursday on a $9 million-dollar mortgage theft conviction. a criminal complaint accuses Joseph A. Gonzalez, 46, of using fraudulent documents to secure home equity loans on homes he did not purchase, according to reports. Gonzalez had previously entered a guilty plea before US Federal District Judge John Michael Vaz through videocon. He is the sixth party responsible for the offense. Curaj Flores oversaw a mortgage scam from 2010 to 2018, documents reveal. For residential assets in New Jersey and … Read more

Nathanael Zimmerman Charged with Mortgage Fraud for SBA Loan and Identity Theft

NEWARK, New Jersey – Acting U.S. Attorney Rachael A. Honig revealed today that a Bergen County, New Jersey man was detained on allegations of mortgage theft, fraudulently accessing an SBA loan, and taking another person’s identification documents. Nathanael Zimmerman, 40, of Wyckoff, New Jersey, has been charged with wire fraud, financial fraud, and attempted identity theft. He is due to appear before U.S. Magistrate Judge Jessica S. Allen via videoconference this afternoon. The following is the complaint: From August 2013 to January 2014, Zimmerman organized a conspiracy to commit mortgage … Read more

Arrests Made by LAPD Over a $15 Million Mortgage and Green Loan Fraud

LOS ANGELES — LAPD reported the filing of 133 criminal charges against 12 people for running a regional mortgage fraud and climate scheme that spanned the entire state. In terms of overall dollar value, the scheme lost over $15 million. The grand jurors from Los Angeles County alleged that Tamara Dadyan, Richard Ayvazyan, Grigor Tian, Andranik Petrosyan, Arshak Bartoumian Lilit, Arthmali Seberani, and Vanessa Bell were all part of a criminal conspiracy, and also for grand theft, false personation of a Social Security number, and money laundering.   Eleven out of … Read more