Investment adviser pleads guilty in bank fraud case
Staff WriterStar-Herald
A Hickman investment adviser pleaded guilty in federal court to conspiracy to commit bank fraud in connection to what is believed to be one of the largest cases of its kind in the state.
The United States Attorney's Office for Nebraska charged Jesse Hill, 35, on Monday. He entered the plea the same day.
Hill faces up to 30 years in federal prison and a fine of up to $1 million. U.S. Attorney Lesley Woods said Hill also has agreed to pay restitution and forfeit any interest in a property in Puerto Rico, a PC-12/47E Pilatus Aircraft and funds in a Charles Schwab account.
Aaron Marshbanks, Hill's former partner, wasn't named in a news release, instead referring to him as "Individual 1," who ran a real estate business in Nebraska and died Nov. 2, 2022.
Following Marshbanks' death that day in a downtown Lincoln parking garage, bankers across the state began reporting that he had taken out millions in loans based on financial statements misstating the value of his collateral provided by Hill.
PRISON BID: The Nebraska Department of Correctional Services has chosen Lincoln-based Hausmann Construction to build its new 1,512-bed prison in northeast Lincoln.
Corrections officials said the three proposals it received were within the $350 million budget set by the Legislature in 2023. A $313.3 million bid was the lowest given to replace the Nebraska State Penitentiary.
Did they steal your data? This is how they can use them to empty your bank accounts.
Wisconsin voters don’t want to lose health coverage. Yet 96,000 will under Trump | Opinion
Advisor News
- Semi-retirement: helping clients balance flexibility with financial security
- The 6X Formula for leveraging content marketing with AI
- When a home becomes difficult to insure, the plan changes
- The inheritance gap: Helping clients plan for money that hasn’t arrived
- After the midterms: Addressing your clients’ tax concerns
More Advisor NewsAnnuity News
- Athene CEO criticizes offshore reinsurance, risk-taking by competitors
- DOL, trade groups, state AGs file briefs supporting Alcoa in PRT lawsuit
- John Hancock launches new fixed indexed annuity suite
- Annuities to play a larger role in workplace retirement plans
- FHLBank Pittsburgh Announces Results in 2026 Board Election
More Annuity NewsHealth/Employee Benefits News
- Indiana Farm Bureau provides health plan options
- Viewpoint: We need Medicare for all
- A 'critical service': Senior centers help local residents navigate complexities of Medicare coverage
- Cost of employer-sponsored health insurance plans rises again, nonpartisan survey finds
- Sen. Baldwin proposes lowering Medicare eligibility age to 50
More Health/Employee Benefits NewsLife Insurance News
- AM Best Affirms Credit Ratings of Fubon Insurance Vietnam Co., Ltd.
- Three lawsuits put life insurers’ cost-of-insurance practices under scrutiny
- Military Briefs: November 12-18
- Security Benefit Series B Preferred Stock Dividend Rate Resets to 10.286%
- FHLBank Pittsburgh Announces Results in 2026 Board Election
More Life Insurance News