A Nebraska-based investment advisor faces up to 30 years in prison after admitting he’s behind an attempted $45.65 million fraud against financial institutions.

Jesse Hill, 35, has pleaded guilty to conspiracy to commit bank fraud and will be sentenced in September, according to the U.S. Attorney’s Office for the District of Nebraska.

Hill and an unnamed individual who worked in the real estate industry partnered up in 2020 and attempted to secure loans from financial institutions throughout Nebraska and western Iowa. The loans were pursued in the name of the unnamed individual, who died in 2022, as well as that person’s business entities.

The U.S. Attorney says Hill falsely claimed that the unnamed individual was a client of his and provided fake information about funds the individual held in his investment vehicles.

“Hill would falsely represent that no other financial institution had a security interest in these fictitious accounts. Throughout the process of obtaining or attempting to obtain the loans, Hill and Individual 1 would engage with each financial institution to facilitate the loan process to include meeting with the financial institution in person, communicating by telephone, communicating by text message, or communicating by email. Hill knew that the representations being made to the financial institutions in order to obtain loans by Individual 1 and/or Individual 1’s entity were false and were being done with the intent to defraud.”

Hill and the individual attempted to secure $45.65 million in loans from at least 19 different financial institutions.

Most of the defrauded funds were directed into a failed investment scheme, as well as a property in Puerto Rico and an ownership stake in a private plane.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Investment Advisor Pushes $45,650,000 Bank Fraud Scheme, Shovels Defrauded Money Into Property and Private Plane appeared first on The Daily Hodl.

A Nebraska-based investment advisor faces up to 30 years in prison after admitting he’s behind an attempted $45.65 million fraud against financial institutions.

Jesse Hill, 35, has pleaded guilty to conspiracy to commit bank fraud and will be sentenced in September, according to the U.S. Attorney’s Office for the District of Nebraska.

Hill and an unnamed individual who worked in the real estate industry partnered up in 2020 and attempted to secure loans from financial institutions throughout Nebraska and western Iowa. The loans were pursued in the name of the unnamed individual, who died in 2022, as well as that person’s business entities.

The U.S. Attorney says Hill falsely claimed that the unnamed individual was a client of his and provided fake information about funds the individual held in his investment vehicles.

“Hill would falsely represent that no other financial institution had a security interest in these fictitious accounts. Throughout the process of obtaining or attempting to obtain the loans, Hill and Individual 1 would engage with each financial institution to facilitate the loan process to include meeting with the financial institution in person, communicating by telephone, communicating by text message, or communicating by email. Hill knew that the representations being made to the financial institutions in order to obtain loans by Individual 1 and/or Individual 1’s entity were false and were being done with the intent to defraud.”

Hill and the individual attempted to secure $45.65 million in loans from at least 19 different financial institutions.

Most of the defrauded funds were directed into a failed investment scheme, as well as a property in Puerto Rico and an ownership stake in a private plane.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Investment Advisor Pushes $45,650,000 Bank Fraud Scheme, Shovels Defrauded Money Into Property and Private Plane appeared first on The Daily Hodl.