Interesting Google search. According to Orange Coast Magazine in 1999 Julie Hodson was partner in the company that created Chai Tea for Borders, becoming the #1 manufacturer of Chai Tea in the USA.
Bill Hodson and his family have a history of being involved in things that become big. He obviously knows that going backwards sometimes without giving up is a normal and unavoidable part of the process.
I believe that even if Bill does plead guilty to fraud in connection with Dick Weed's activities around LVVV that this will not be fatal to the LVVV business. Best case scenario Bill will turn around the business and pay restitution to anyone who feels they were defrauded last year.