13 WTHR - Indianapolis News |Hilbert offers to move out of mansion

Hilbert offers to move out of mansion

Chris Proffitt/Eyewitness News

Carmel, Nov. 16 - It was an intimate and astonishing financial portrait of former Conseco chairman Stephen Hilbert, who told a judge that apart from his $25 million mansion and $5 million in personal property, he's broke.

The former Conseco CEO was once the highest paid executive in America at over $100 million a year.

Earlier the same judge ruled that Hilbert must repay $72 million to Conseco for interest on unpaid loans.

On Tuesday, Hilbert and his wife Tomisue pledged $30 million to go into escrow while he appeals the case. That includes his Carmel mansion and the $5 million in personal property.

"We've made a difficult family decision that between now and the end of January, we're going to move from that home," says Hilbert.

Hilbert's attorneys are asking the court to accept the deal, which Conseco attorneys reject, saying the house and other property would hardly satisfy Hilbert's debt, also alleging that he has shifted up to $100 million to his wife to avoid paying the company.

"It's an appalling thing for them to come after my assets when I was on none of those loans," says Tomisue Hilbert.