Call Now For a Free Consultation:
(614) 502-6165

Former Football Player Pleads No Contest to Nebraska Securities Fraud

Brian Schuster, a former Nebraska football player, pleaded no contest to securities fraud charges on May 17th as part of a plea agreement. Schuster initially faced eight felony counts of intentional securities fraud in Nebraska. Prosecutors amended the plea agreement so that the charges were based on inadvertent omissions instead of intentional acts.

Schuster, along with Rebecca Engle, allegedly sold high-risk investments in several Florida companies to seniors who were looking for conservative investments. They are said to have failed to fully explain the risks to investors and ended up taking $20 million from more than 100 people. Engle pleaded guilty to two charges of fraud.

Nebraska Attorney General Jon Bruning stated that, "more than 100 Nebraskans trusted Mr. Schuster and Ms. Engle to invest money they had worked a lifetime to save. They both deserve to pay for their crime of swindling money from Nebraska seniors."

The trial was moved to Beatrice from Otoe County due to the large number of victims involved, creating conflicts of interest.

The investment fraud lawyers with David P. Meyer & Associates have represented victims of securities fraud nationwide. We are committed to helping victims of affinity fraudPonzi schemes, and other types of investment fraud recover their losses.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation

Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
6140 Parkland Blvd.,
Suite 330
Mayfield Heights, OH 44124
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
Follow Us
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram