Dismissal of Securities Fraud Lawsuit Upheld

By: The Associated Press Email
By: The Associated Press Email

The Nebraska Supreme Court has upheld the dismissal of a lawsuit against a business attorney brought by an Omaha man convicted of investment fraud.

Bryan Behrens had sought to sue his former attorney, Christian Blunk, for more than $8 million owed to investors.

Behrens has argued that Blunk gave him bad advice and was to blame for the securities fraud.

But a Douglas County District Court dismissed the lawsuit, saying the two-year statute of limitations had run out, among other things.

On Friday, the Nebraska Supreme Court agreed.

Behrens was sentenced last year to five years in federal prison for securities fraud.

Federal prosecutors said Behrens, who founded the Omaha-based 21st Century Financial Group, defrauded mostly elderly investors of millions of dollars to fund his lavish lifestyle.

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