Insurance Magnate Greg Lindberg Found Guilty on Bribery Charges
March 11, 2020 by Leslie Scism and Mark Maremont
Insurance mogul Greg Lindberg was found guilty Thursday on bribery charges after jurors found he had attempted to bribe North Carolina’s insurance commissioner by promising $2 million in campaign donations to obtain favorable regulatory treatment.
A self-proclaimed billionaire, Mr. Lindberg amassed a business empire in recent years, fueled in part by an unusual stream of loans from his insurance companies. He also had become the leading political donor in North Carolina and a major campaign donor nationally.
The judge declined prosecutors’ request that Mr. Lindberg be taken into custody immediately, while awaiting sentencing. Mr. Lindberg will choose a judicial district as his base and travel outside it at the discretion of a probation officer while continuing to wear an electronic monitoring device.