DOJ: Tampa Insurance Billionaire Sentenced to 12 Years in Prison in Bribery and Fraud Case in North Carolina
Prosecutors said the scheme affected hundreds of thousands of policyholders, and the judge ordered $1.6 billion in restitution after the 12-year term.
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Self-Proclaimed Billionaire Sentenced to 12 Years for Swindling $2B of Policyholder Funds on Jets, Real Estate, and Women
Self-proclaimed billionaire Greg Lindberg was sentenced to 12 years in prison this week after being found guilty of diverting $2 billion of policyholders' money from insurance firms he controlled. He was even caught attempting to bribe a state regulator, which was recorded on hidden camera. The cases are finally settled after seven long years. The prison sentence closes two federal criminal convictions for the Yale-educated insurance entrepreneu…
Eli Global founder sentenced to 12 years for insurance fraud, bribery scheme
Greg Lindberg, 56, of Tampa, Florida, was sentenced to a combined 12 years in prison for orchestrating a multibillion-dollar insurance fraud conspiracy and a separate bribery scheme that bankrupted multiple insurance companies and left policyholders and other victims collectively owed more than $1 billion, the Justice Department announced.
Greg Lindberg, founder of the investment company Global Growth, has to go to prison. A federal court in North Carolina sentenced the 56-year-old to fraud and embezzlement of insured money, which he put into a luxurious lifestyle. Allianz also had to deal with the manager in the past. Manager Greg Lindberg was sentenced to twelve years in prison. On Youtube, he runs a channel on which he [...]
He wanted to become the next Warren Buffett, but his empire was based on a gigantic illusion: Greg Lindberg used more than two billion dollars from the cover provisions of his insurance companies to finance a luxurious lifestyle. Now a federal judge sent him behind bars for 12 years. The article Biggest insurance fraud in US history: 12 years in prison for Greg Lindberg first appeared on insurance business today.
Court: Greg Lindberg Sentenced To 12 Years
56-year-old Greg Lindberg of Tampa, Florida, has been sentenced to 12 years in prison in the United States in connection with a fraud conspiracy that the U.S. Department of Justice said involved companies he controlled in North Carolina, Bermuda, Malta and elsewhere. A statement from the US Department of Justice said, “Greg Lindberg, 56, of […]
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