Investors win $30 million lawsuit against former Husker

Schuster 1996 Photo

More than 200 investors who claim they were defrauded by a pair of Nebraska City brokers have won $30 million from one of them. The judge ordered the award late Monday in a class-action lawsuit brought by former clients of Rebecca Engle and Brian Schuster in federal court.

Engle has pleaded guilty to two counts of securities fraud in a separate criminal case, and Schuster is scheduled to stand trial next month on eight counts. Several lawsuits and arbitration claims have been filed against them and their former employers accusing Engle and Schuster of improperly selling risky investments.

The $30 million judgment was against Schuster, a former Nebraska football player, and some of his financial firms.