Michael Hild begins prison sentence at federal facility in Prince George

Key Points:

• Michael Hild, former CEO of the collapsed mortgage company Live Well Financial, has begun serving his 44-month federal prison sentence at the low-security Federal Correctional Institution Petersburg.
• Hild was convicted five years ago for orchestrating a multimillion-dollar bond pricing fraud scheme that led to the downfall of Live Well Financial, but had remained free on bond while appealing his conviction.
• Despite starting his prison term, Hild plans to continue legal challenges, including filing a writ of habeas corpus this month to contest his conviction based on claims of ineffective trial counsel and new evidence involving a cooperating former employee.
• Hild is involved in multiple ongoing civil lawsuits related to Live Well Financial, which may be impacted by his incarceration, including cases filed by lenders and the company’s bankruptcy trustee.
• The low-security section of FCI Petersburg, where Hild is held, is slated for closure due to maintenance and staffing issues, potentially requiring his transfer to another federal facility, though no closure date has been announced.