US Lawsuit Seeks Access to Dead Businessman’s Fraud-Linked Crypto Accounts

A lawsuit has been filed against Brandon Dallmann, a business associate of the deceased Lincoln businessman, Aaron Marshbanks.
Marshbanks was embroiled in a major bank fraud case before his untimely death in November 2022.
The lawsuit seeks to compel Dallmann to surrender cryptocurrency “keys” essential for unlocking crypto accounts purportedly owned by Marshbanks’ estate.

A recent lawsuit has been filed in connection with a significant bank fraud case, revolving around the refusal of a business associate to surrender cryptocurrency “keys” following the death of Lincoln businessman Aaron Marshbanks in November 2022. The lawsuit, filed on Tuesday, April 22, 2024, sheds light on a complex legal battle involving cryptocurrency investments and alleged breaches of contract.

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Details of the Lawsuit

The legal action, spearheaded by an attorney representing Marshbanks’ estate, underscores the complexity and contentiousness surrounding Marshbanks’ financial affairs following his passing.

Marshbanks’ suicide triggered a cascade of claims from financial institutions, alleging that he had fraudulently obtained over $40 million in loans, marking one of the state’s largest bank fraud cases, as initially reported by the Examiner.

The lawsuit targets Marshbanks’ business associate, Brandon Dallmann. He was reportedly engaged by Marshbanks for cryptocurrency investments and business advice. Dallmann is accused of withholding crucial cryptocurrency “keys” necessary to access investments tied to the alleged fraud. These keys, akin to secret passwords, are essential for unlocking crypto accounts purportedly owned by Marshbanks’ estate.

Ed Hotz, the personal representative managing Marshbanks’ assets to settle the outstanding bank loans, asserted that Dallmann’s refusal to relinquish the keys and provide an account of the assets held in those accounts amounts to a breach of contract and an abuse of access. The lawsuit further alleges that Dallmann has diverted cryptocurrency for his own benefit, contrary to the implied agreement between him and Marshbanks.

The lawsuit, filed in Lancaster County District Court, seeks judicial intervention to compel Dallmann to surrender the cryptocurrency keys, provide a comprehensive account of Marshbanks’ assets in his possession, and pay damages along with attorney fees incurred by the estate. Notably, Dallmann had previously attempted to file a late claim against Marshbanks’ estate, citing a $2 million cryptocurrency investment for rental properties, which was denied due to missed deadlines.

Defense, Allegations, and Responses

Efforts to reach Dallmann or his legal counsel for comment were unsuccessful initially, but Nicole Jilek, Dallmann’s attorney, later stated that her client vehemently denies the allegations and intends to mount a robust defense in court. Jilek expressed confidence in presenting the truth during legal proceedings.

Marshbanks’ intricate financial web, involving numerous limited liability companies and a significant presence in real estate investments across multiple states, has attracted scrutiny from law enforcement agencies. Investigations by the FBI and the Nebraska Department of Banking have alleged that Marshbanks and his financial advisor, Jesse Hill, fabricated financial statements to secure loans, despite substantial financial losses in 2022, exacerbated by the cryptocurrency market downturn.

The unfolding legal battle underscores the complexities of estate management in cases involving cryptocurrency assets and the fallout from financial improprieties, leaving legal authorities and estate representatives grappling with intricate financial entanglements in the aftermath of Marshbanks’ demise.

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