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Bloomberg
North Carolina investment firm founder Greg E Lindberg, who is awaiting retrial on charges he tried to a bribe state official, was indicted in a separate case alleging he orchestrated a $2 billion insurance fraud scheme.
Lindberg, 53, and two others were indicted by a federal grand jury in Charlotte, court records show.
They’re accused of improperly taking money from insurance companies for personal use and lying to regulators to cover their tracks, prosecutors said.
“The indictment reveals a carefully orchestrated scheme that relied on a web of complex financial investments and transactions designed to evade regulators, disguise the financial health of Lindberg’s insurance companies, and conceal the alleged purpose of the scheme: Lindberg’s personal gain,†Dena J King, the US Attorney for the Western District of North Carolina, said in a statement.