Lindberg request for residential detention hit by prosecutors
November 22, 2024 by Doug Bailey
Greg Lindberg, former head of Bankers Life Insurance Co., and convicted of a multi-billion-dollar bribery and fraud scheme, wants to serve his sentence at a cozy halfway house near his home in Tampa, Florida, instead of federal prison. But government prosecutors say, “no way.”
In a filing with the U.S. District Court for the Western District of North Carolina, prosecutors said Lindberg’s desire to to be housed in the facility of his choice should be denied.
Click HERE to read the full story via INN
Wink’s Moore on the Market: Greg Lindberg of Global Bankers isn’t special.
He is asking to stay in a halfway house, instead of being detained in prison, for his most recent sentence.
“A federal grand jury indicted Lindberg and two co-conspirators of illegally siphoning millions from his insurance company for his personal use and then lying to regulators to hide the scheme.”
And yet…they believe he is special.
“Mr. Lindberg’s ability to help facilitate the duties of the Special Master and take the actions necessary to complete the transfer of assets will require constant communication between Mr. Lindberg and his counsel,” said Lindberg’s attorneys.
He thinks that in order to return the money to annuity contract holders, of the failed insurer, that he needs more convenient access to his attorneys.
They contend that “[if he were in] jail or prison…those facilities pose significant barriers to communication [with counsel].
Well, last I checked, you can meet with your attorney at any time, when imprisoned, Greg.
Further, Lindberg contends that he “has eight children under the age of seven who currently live with him in Tampa” and that he “is the sole parent providing care for these children as his fiancé Olivia Molina does not have a U.S. visa and lives in Spain.”
So, he feels like he should get to stay in the halfway house instead. “Defendant’s specific request to be placed in the Tampa RRC because is primarily based upon the Defendant’s convenience and desire to be close to his family.”
Uh uh. Pass go, do not collect $200, and go immediately to jail.
DENIED, Lindberg. You should have thought about all of this before you cooked up that “multi-billion-dollar bribery and fraud scheme” and robbed annuitants of their funds.
Thanks for the valuable update, Doug Bailey at InsuranceNewsNet. -sjm
