LINCOLN, Neb. (Nebraska Examiner) – A financial adviser who helped Lincoln businessman Aaron Marshbanks swindle $45 million from nearly 20 banks and savings and loans was ordered Friday to pay lenders more than $37 million in restitution.
While it’s doubtful that Jesse Hill, a Hickman financial adviser, will ever come close to paying off the financial institutions, the order gives a final rendering of how much money is still owed on fraudulent loans used to cover catastrophic investment losses and to purchase a villa in Costa Rica and a turboprop airplane.
The scam, first reported by the Nebraska Examiner, has been described as possibly the largest case of bank fraud in Nebraska history…