Greg Lindberg, an insurance entrepreneur and founder of a North Carolina investment firm, has pleaded guilty to federal criminal charges related to a scheme that allegedly defrauded thousands of policyholders out of $2 billion. The U.S. Justice Department confirmed that Lindberg's guilty plea encompasses charges of fraud and money laundering. This development follows Lindberg's earlier conviction on bribery charges earlier this year, highlighting ongoing legal challenges for the insurance magnate. The government has described the scheme as extensive, involving significant financial misconduct within the insurance sector.
North Carolina investment firm founder Greg Lindberg, already convicted this year of bribery charges, pleaded guilty to a separate $2 billion fraud https://t.co/VWKjY6LLxb Beware aggressive guys in the insurance business; the opacity aids their shenanigans.
Insurance magnate pleads guilty as government describes US$2B scheme https://t.co/7OkleaVshd
Insurance magnate pleads guilty to $2 bln fraud and money laundering scheme https://t.co/qohvVcpn4K https://t.co/rgRs6Rz7m9