LINCOLN — The majority of $3.6 million in life insurance proceeds for Aaron Marshbanks – the Lincoln businessman implicated in the largest bank fraud case in Nebraska history – will be divided up among financial institutions he was accused of deceiving.
Lancaster County Court Judge Holly Parsley approved a settlement that was agreed to by parties Wednesday morning. The settlement states that Marshbanks’ widow, Jennifer Marshbanks, will receive $975,000, while most of the remaining proceeds will go to Edward Hotz, who was appointed as personal representative of the Marshbanks estate.
More than $30 million in claims certified against estate of deceased Lincoln businessman…