Magistrate judge recommends $46M in restitution from former Live Well CEO
Housing Wire
MARCH 1, 2024
Prosecutors for the government initially argued that he should owe $69 million to the companies that lent to Live Well and the defunct lender’s estate based on — what was determined in court to be — inflated valuations of interest-only bonds backed by Home Equity Conversion Mortgages (HECMs).
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