Founded in 2005 and headquartered in Richmond, Virginia, Live Well Financial, Inc. was a financial services company specializing in originating, servicing, and securitizing reverse mortgages. The company packaged these mortgages into bonds for sale to other financial institutions. However, the company collapsed and filed for Chapter 7 bankruptcy in May 2019 after the FBI raided its offices. It was revealed that its executives had engaged in a massive fraud scheme to artificially inflate the value of these bonds, ultimately causing over $200 million in losses to their counterparties.

Founded in

Australia