Greg Lindberg bought over 100 insurance companies and loaned out carrier reserves to the tune of billions of dollars winning a seven year all-expense paid sabbatical at taxpayer expense.
“In 2012 Lindberg began investigating the possibility of acquiring insurance companies, displaying a particular interest in the large number of assets retained by such companies to fulfill payouts.”
“Lindberg ultimately loaned about $2 billion from the insurance companies he had acquired to his affiliated corporations, using much of it to expand his private holdings. By 2019 he had acquired over 100 companies.”
SOURCE: Greg Lindberg
Former insurance magnate indicted for $2 billion fraud scheme
Lindberg following bribery conviction: “The government is badly mistaken”
