LINCOLN — State banking officials and the Nebraska Attorney General’s Office moved Thursday to freeze the accounts of a financial adviser allegedly involved in one of the state’s largest cases of bank fraud.
A 20-page legal complaint, filed late Wednesday, alleges that Jesse Hill of Hickman, investment adviser for deceased Lincoln businessman Aaron Marshbanks, and his firm, First SOJO Capital, had committed multiple violations of the State Securities Act, including false claims of financial assets and fabrication of financial statements.
Lancaster County District Judge Ryan Post issued a temporary restraining order Wednesday barring Hill from destroying or altering any financial documents and freezing his assets. A court hearing on a more permanent injunction is scheduled for Jan. 5.
Chief among the complaints against Hill, according to court files, was that he provided false statements to financial institutions about the assets in Marshbanks’ investment accounts, allowing Marshbanks to obtain millions in loans and lines of credit with financial institutions.
In fact, court files indicate, Hill’s firm had net capital of $9,295.65 as of Dec. 14 — far short of the $6 million and $7 million he had told banks that Marshbanks had in investment accounts.
The Nebraska Examiner first reported Dec. 2 about the case, which one state banking...
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