3 more lawsuits filed in connection to $40M Nebraska fraud

Three new lawsuits have been filed in the ongoing fallout of what is said to be one of the largest bank frauds in Nebraska's history, discovered after the death of a Lincoln real estate investor in 2022.

Two of the cases were filed by Aaron Marshbanks' estate, and a third by the court-appointed receiver in a case where the Nebraska Department of Banking has alleged violations of the securities act by Marshbanks before he died and by Jesse Hill.

The cases are the latest of about a dozen that have been filed following Marshbanks' suicide in a downtown Lincoln parking garage on Nov. 2, 2022.

Following his death, bankers across the state began reporting that Marshbanks had taken out millions of dollars in loans after Hill, an investment adviser, had allegedly provided financial statements misstating the value of Marshbanks' collateral.

RENEWABLE: State lawmakers advanced a compromise bill on Wednesday, April 3 requiring private wind and solar power companies to hold public meetings before they can build new generation facilities in Nebraska. As introduced last year, the bill (LB399) from Sen. Tom Brewer of Gordon also would have required companies to complete an application with the Power Review Board before they could begin construction. And an addition from the Natural Resources Committee would have required those developers to enter into power purchase agreements prior to construction.