LINCOLN — The first court hearing associated with what has been labeled one of the state’s largest bank fraud cases in history has been postponed to Tuesday.
State banking officials were scheduled to argue in court Thursday for an injunction against a financial adviser, Jesse Hill of Hickman, to freeze his accounts and prevent any destruction of records.
Hill is an associate of deceased Lincoln businessman Aaron Marshbanks, and the pair have been implicated in a bank fraud case involving more than $40 million in loans from more than 20 banks in Nebraska and Iowa.
At the last minute, the court hearing was postponed until Tuesday at 2 p.m.
Lancaster County District Judge Ryan Post extended a temporary injunction until then.
If I was to line up 100 people, he would be the last one I would think would do this
Court documents filed Thursday indicate that Hill had retained the Omaha law firm of Spencer Fane and that the lawyers needed more time to prepare for a hearing. Discussions are underway to agree on modifications to the current injunction, court files indicated, that would eliminate the need for a court hearing.
On Dec. 28, the Nebraska Department of Banking and Finance obtained a temporary injunction against Hill and his investment firm, First SOJO Capital Group, pending a court hearing. It alleged multiple violations of the State Securities Act.
Among the claims was that Hill made false claims about Marshbanks’ assets and...
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