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Insurance magnate pleads guilty as government describes $2B scheme

Greg E. Lindberg pleaded guilty to conspiracy charges related to a $2 billion scheme that defrauded insurance regulators and policyholders.
Lindberg faces up to 10 years in prison for money laundering and five years for another conspiracy charge.
His actions harmed thousands of policyholders and posed a significant risk to the insurance industry.

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CTV News

Insurance magnate pleads guilty as government describes US$2B scheme

An insurance magnate who was once a big political donor in North Carolina is in federal custody after pleading guilty in connection to what prosecutors call a US$2 billion scheme to defraud insurance regulators, policyholders and others through a myriad of companies from which he skimmed funds for personal benefit.

4 months ago·Canada

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Carolina Journal

Lindberg, former North Carolina's leading political donor, pleads guilty to 2 billion dollar fraud

Greg Lindberg, who was once the main donor of the North Carolina election campaign, pleaded guilty on Tuesday to federal charges related to a plan that government officials described as a $2 billion fraud. Conspiracy and money laundering charges stemmed from a separate case from Lindberg's conviction in May for bribery and fraud and charges related to a plan directed to North Carolina's elected insurance company.

4 months ago

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Associated Press News

+13 Reposted by 13 other sources

Insurance magnate pleads guilty as government describes $2B scheme

An insurance magnate who was once a big political donor in North Carolina has pleaded guilty related to what prosecutors call a $2 billion scheme to defraud insurance regulators, policyholders

4 months ago·United States

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The Epoch Times

Insurance Mogul Greg Lindberg Pleads Guilty to $2 Billion Fraud, Money Laundering Scheme

Insurance mogul Greg Lindberg has pleaded guilty to conspiracy in a $2 billion fraud and money laundering scheme that defrauded thousands of insurance policyholders, according to the Department of Justice (DOJ). Lindberg pleaded guilty on Nov. 12 to one count of conspiracy to commit offenses against the United States and one count of money laundering in a scheme to defraud insurance regulators and policyholders. The 54-year-old Tampa resident fa…

4 months ago·New York, United States

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nclawyersweekly.com

Insurance magnate pleads guilty in $2B scheme

CHARLOTTE — An insurance magnate who was once a major political donor in North Carolina is in federal custody after pleading guilty in connection to what prosecutors call a $2 billion fraud scheme. Greg E. Lindberg, 54, of Tampa, Florida, entered the plea Tuesday in Charlotte before U.S. Magistrate Judge David Keesler to one count

4 months ago

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Jovem Pan News

Insurance magnate admits guilt in US$ 2 billion fraud to finance luxury living

Greg Lindberg, the founder of Eli Global LLC, admitted his guilt in a fraud case involving the sum of US$ 2 billion. During a hearing in the federal court in Charlotte, in the United States, he acknowledged that he had acquired several insurance companies and embezzled almost all of them, deceiving thousands of policyholders to maintain an extravagant lifestyle. Lindberg pleaded guilty to two of the thirteen charges he faced, including conspirac…

4 months ago

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