A five-car garage was among the features of a half-finished, 4,800-square-foot luxury home that was being built by Aaron Marshbanks, a Lincoln businessman, whose death last year was followed by claims by financial institutions that he had fraudulently obtained more than $50 million in loans.
The partially finished, multimillion-dollar dwelling being built by Lincoln businessman Aaron Marshbanks was sold Friday, the latest effort to recover any assets remaining from what’s been described one of the largest bank frauds in state history.
Paul Schelstraete, president of City Bank & Trust (right), entered the only bid Friday during a foreclosure sale for the half-finished acreage. He is talking to the bank’s lawyers, Jim Haszard (left) and Troy Bird.
An open area at left was supposed to be developed into a swimming pool. A large earthen berm, in background, has drawn erosion concerns from neighbors, as have drawing of groundwater to fill a huge, manmade pond.
A five-car garage was among the features of a half-finished, 4,800-square-foot luxury home that was being built by Aaron Marshbanks, a Lincoln businessman, whose death last year was followed by claims by financial institutions that he had fraudulently obtained more than $50 million in loans.
Paul Schelstraete, president of City Bank & Trust (right), entered the only bid Friday during a foreclosure sale for the half-finished acreage. He is talking to the bank’s lawyers, Jim Haszard (left) and Troy Bird.
An open area at left was supposed to be developed into a swimming pool. A large earthen berm, in background, has drawn erosion concerns from neighbors, as have drawing of groundwater to fill a huge, manmade pond.
