Lindberg pleaded to one count of conspiracy to commit offenses against the U.S., including wire fraud, investment adviser fraud, and crimes in connection with insurance business, and one count of money laundering conspiracy. He faces a maximum penalty of 15 years on the charges.

A disgraced insurance mogul who relocated to Tampa after a stint in prison has pleaded guilty to federal charges for an elaborate money laundering conspiracy that left victim companies on the brink of financial collapse.

Greg Lindberg, once North Carolina’s top election campaign donor, pleaded guilty Tuesday to federal charges connected to a scheme government officials described as a $2 billion fraud.

Federal prosecutors said Lindberg conspired to defraud insurance regulators, policyholders and other insurance companies by laundering money through a web of companies based in North Carolina, Bermuda,

The entrepreneur has agreed to help the government recover what is said to be billions in assets to repay insurance policyholders and others.

Now that cases against Greg Lindberg are nearing a close and prison awaits, where does his rank among the all-time life insurance scandals?

An insurance magnate who was once a big political donor in North Carolina has pleaded guilty related to what prosecutors call a $2 billion scheme to defraud insurance regulators, policyholders and oth

Greg Lindberg pled guilty to a $2 billion fraud and money laundering operation involving deceptive insurance transactions.

The U.S. Justice Department said on Tuesday that insurance magnate Greg Lindberg had pleaded guilty to a $2 billion fraud and money laundering scheme operated through a network of companies based in North Carolina,

An American insurance mogul pleaded guilty to running a $2 billion insurance fraud scheme, once which saw him forgive $125 million in fraudulent loans made to himself.