The settlement requires that Henrico invest $1 million in an environmental project and includes commitments from the county to improve its sewage treatment plant and collection system, as well as how it notifies the public of sewage spills.
The former Live Well Financial CEO has scored a legal victory and will remain on bond and out of prison for the foreseeable future while appealing his fraud conviction and related 44-month sentence.
Court documents show the former Live Well Financial CEO plans to appeal on the grounds that the judge in his case erred in denying his request for a new trial in December.
A dispute between two local real estate players over the management of nearly a dozen apartment buildings has spilled into court.
Friday’s sentencing hearing included a choked-up Hild addressing the court, apologizing to his former employees, his wife and even the city of Richmond.
The former Live Well Financial CEO will stand before a federal judge this afternoon in Manhattan to learn his fate. His attorney calls for no prison time, while prosecutors want up to 15 years.
Seven years after expanding into Richmond, the firm has doubled its local attorney headcount in one fell swoop.
The judge said he had considered up to 15 years for the “Richmond famous” contractor who was convicted of embezzling funds from his main lender.
With a sentencing date set for former Live Well Financial CEO Michael Hild, two of his former top lieutenants and co-conspirators now know when they will learn their fate.
The former Live Well Financial CEO’s attempt to invoke legal arguments tied to the case of fallen crypto king Sam Bankman-Fried wasn’t enough to delay his looming sentencing date set for later this month.
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