Greg Lindberg changes course, pleads guilty to $2 billion fraud

November 13, 2024 by John Hilton

The lengthy saga of troubled financier and onetime Bankers Life Insurance Co. owner Greg Lindberg entered a new phase Tuesday when Lindberg pleaded guilty to engineering a $2 billion fraud.

Lindberg, convicted for a second time in May of trying to bribe North Carolina Insurance Commissioner Mike Causey, also pledged to help a special master unwind his extensive holdings to pay back long-suffering policyholders.

Lindberg was to surrender to U.S. Marshals Service Tuesday and requested to be placed in a residential holding facility near his Tampa, Fla. home.

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Originally Posted at InsuranceNewsNet on November 12, 2024 by John Hilton.