LINCOLN — A judge approved an injunction Tuesday that freezes most assets of a financial adviser involved in one of the largest cases of bank fraud in state history.
However, Jesse Hill of Hickman and his wife, under the order, will be able to access two personal banking accounts, and were given permission to obtain a home equity loan to help paying legal and living expenses.
Lancaster County District Judge Ryan Post issued the temporary injunction on Tuesday, approving an out-of-court agreement reached between state banking officials and Hill’s attorney, Joshua Dickinson of Omaha.
The ruling followed a restraining order issued on behalf of the Nebraska Department of Banking and Finance on Dec. 28 that blocked Hill from disposing of assets or destroying financial documents. The department alleged several violations of state securities laws, including that Hill converted investments for personal use and lied to investors.
Hill was a partner with Lincoln businessman Aaron Marshbank, who was found dead of a suspected suicide on Nov. 2.
The pair, according to state banking officials, made false claims and used fabricated financial statements to obtain $20 million in loans from 14 banks from March 2021 through September 2022.
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