From $600K to $4M: How much each bank lost in Hill-Marshbanks in scam

A federal judge on Jan. 9 ordered former investment adviser Jesse Hill to pay $37,145,963 in restitution as part of his bank fraud.

The restitution order listed 14 banks, which lost on average $2.6 million each.

Federal prosecutors have called it "one of the largest bank frauds that this district has ever seen." Hill was sentenced to five years in federal prison on a charge of conspiracy to commit bank fraud.

It's unclear how much of the restitution the banks actually will see.

The following is a list of the banks that were defrauded and how much restitution to each Hill has been ordered to pay.

* Access Bank, $1,637,338.52

* Columbus Bank and Trust, $2,789,559.03

* Charter West Bank, $2,468,652.24

* First Nebraska Bank, $3,280,864.90

* Home Federal Bank, $2,742,119.61

* 13 Bank, $2,915,270.08

* Lincoln Savings Bank, $2,810,375.69

* Midstates Bank, $2,314,421.37

* Nebraska Bank of Commerce, $674,528.09

* Nebraska Land Bank, $2,761,020.71

* Security First Bank, $3,281,807.26

* State Nebraska Bank & Trust, $4,082,118.85

* Western National Bank, $3,311,133.54

* Western Nebraska Bank, $2,076,743.11

Total: $37,145,953.00

Reach the writer at 402-473-7237 or [email protected]. On Twitter @LJSpilger and Bluesky @ljspilger.bsky.social