A North Carolina judge ordered Greg Lindberg to pay $526 million to long-suffering policyholders. The order followed a civil trial held on Friday.
Wake County Superior Court Judge Graham Shirley oversaw the trial to determine the amount of financial damages Lindberg and his companies owed to insurers they were found to have defrauded.
It was the culmination of a long-standing civil lawsuit originally filed in October 2019 by life insurers formerly owned by Lindberg: Southland National Insurance Corp., Bankers Life Insurance Co., Colorado Bankers Life Insurance Co., and Southland National Reinsurance Corp…