A Florida man pleaded guilty today to conspiracy to commit offenses against the United States and conspiracy to commit money laundering in a scheme to defraud insurance regulators and policyholders through a network of companies in North Carolina, Bermuda, Malta, and other locations, according to the U.S. Attorney’s Office, Western District of North Carolina.
According to the department, from 2016 through at least 2019, Greg Lindberg, 54, of Tampa, conspired with others to defraud multiple insurance companies, third parties, and thousands of insurance policyholders.
The department reported that Lindberg and his co-conspirators conspired to mislead the North Carolina Department of Insurance and other regulators, evaded regulations designed to protect policyholders, concealed the financial condition of his companies, and misused insurance funds for personal gain.
The department also stated that Lindberg and his co-conspirators directed companies he controlled to invest over $2 billion in loans and securities tied to his affiliated companies, laundering the scheme’s proceeds.