A man from Nebraska has reportedly obtained tens of millions of dollars worth of illegal loans in what could be the largest bank fraud case in the state’s history.
According to a recent report from the Nebraska Examiner, Lincoln businessman Aaron Marshbanks obtained $45 million worth of illegal loans from 19 different financial institutions across Nebraska, Iowa, and other states, using the funds to pursue a trading strategy that went awry.
Marshbanks – who died in November 2022 of a drug overdose – allegedly used the money to launch a “highly aggressive options trading” earlier that year. However, the investments tanked soon after, losing 90% of their total value and unraveling his scheme. Marshbanks also ventured into crypto investments.
He entrusted his associate, Brandon Dallmann, to keep those digital assets rolling in case he died as a means of benefiting his wife, and provided him access to his crypto keys. Dallmann was sued by the Marshbanks estate’s lawyer to seek information about the crypto investments.
The report says that the judge in the case granted a continuance until December 3rd, but the Nebraska Examiner has learned that the lawsuit will likely be dismissed due to Dallmann’s cooperation in tracking down the invested digital assets.
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