Richard Hild, 38, Louisville, Kentucky was arraigned on one count each of stealing, conspiracy to commit wire and mail fraud. Hild was indicted by federal grand jury in Louisville, Kentucky on September 23, 2009.

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 Whitfieldpreviously 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.

United States Attorney Candace G. Hill of the Western District of Kentucky announced the indictment.

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