Jesse T. Hill, Bank Fraud Conspiracy, Nebraska 2025

Hickman Man Pleads Guilty to Bank Fraud Conspiracy

United States Attorney Lesley A. Woods announced that Jesse T. Hill, 35, of Hickman, Nebraska, entered a plea of guilty to an Information alleging that he committed conspiracy to commit bank fraud in front of United States Magistrate Judge Jacqueline M. DeLuca.

Judge DeLuca scheduled Hill’s sentencing for September 11, 2025, at 3 p.m. before United States District Court Judge Susan M. Bazis. Hill faces a maximum possible penalty of 30 years’ imprisonment, a fine of up to $1 million, and a mandatory special assessment of $100.

Hill additionally has agreed to pay restitution and forfeit his interest, if any, in a property in Puerto Rico, a PC-12/47E Pilatus Aircraft, and funds in a Charles Schwab account.

Hill, an investment advisor operating in Nebraska, was involved in a scheme with Individual 1, who operated a real estate business in Nebraska. Individual 1 died on November 2, 2022.

Beginning in November 2020, Hill and Individual 1 began attempting to obtain loans from financial institutions throughout Nebraska and western Iowa. The loans were sought in the name of Individual 1 and/or Individual 1’s entities. It was represented that these loans were to be used for real estate investments and the alleged collateral for the loans was an investment account of Individual 1 and/or Individual 1’s entity that was managed by Hill.

As a result of this scheme, Hill and Individual 1 attempted to obtain at least $45,650,000.00 in loans from at least 19 different financial institutions.

The majority of the funds that were fraudulently obtained went into a failed investment scheme. A portion of the proceeds from fraudulent loans obtained later in the scheme were used to pay off or pay down fraudulent loans obtained earlier in the scheme. Proceeds were deposited in a Charles Schwab account, were used to purchase a property in Puerto Rico, and were used to purchase an ownership interest in a PC-12/47E Pilatus Aircraft.