In the following press release Candace G. Hill, United States Attorney for the Western District of Kentucky announced that Richard Hild, age 38, of Louisville, Kentucky was arraigned on 9/25/2009.  A federal grand jury in Louisville, Kentucky previously returned an indictment on September 23, 2009 charging Hild with one count each of stealing, conspiracy to commit wire and mail fraud.

Press Release   Hild Indictment
Otis Information Whitfield Information

Editor Note - This case appears to be related to the Vermont “Highgate Manor” case

The Indictment alleges that from June 2007 through February 2008, Hild while working as a mortgage broker, conspired with others to fraudulently obtain residential mortgage loans by misrepresenting the financial information of borrowers, and by providing fraudulent documents in support of loan applications, and during the course of the conspiracy, used and caused to be used interstate wires and the United States mail.   Two of Hild’s co-conspirators Michael Otis and Chris Whitfield previously pleaded guilty to felony Informations containing similar charges.  The conspiracy involved fraudulent loans to which the co-defendants pleaded guilty involved 34 loans totaling over $10 million.  A sentencing date has not yet been set for Whitfield or Otis.

In the event of a conviction, the maximum potential penalties are 20 years’ imprisonment, a $250,000 fine, and supervised release for a period of 3 years.

The case is being prosecuted by Assistant United States Attorney Bryan R. Calhoun, and it was investigated by the United States Postal Inspection Service and the United States Secret Service.

The matter is currently schedule for a jury trial on November 3, 2009, in Louisville, Kentucky.