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Target of loan fraud investigation was building multimillion-dollar residential complex
The target of a state banking investigation into alleged fraudulent loans was in the process of building a multimillion-dollar residential complex on the eastern edge of the Capital City.
Aaron Marshbanks, who was found dead a month ago in a downtown Lincoln parking garage, obtained a $2.5 million loan to finance construction of a home, guest house and a “barndominium” featuring an indoor basketball court.
Alleged fraud of more than $30 million
Marshbanks, the Examiner reported Friday, is being investigated by the Nebraska Department of Banking for allegedly obtaining loans of between $30 million and $50 million by fraud from more than 20 banks, savings and loans and credit unions across the state.