Insurance mogul Greg Lindberg has pleaded guilty to conspiracy in a $2 billion fraud and money laundering scheme that defrauded thousands of insurance policyholders, according to the Department of Justice (DOJ).
Lindberg pleaded guilty on Nov. 12 to one count of conspiracy to commit offenses against the United States and one count of money laundering in a scheme to defraud insurance regulators and policyholders.
The 54-year-old Tampa resident faces a maximum penalty of 15 years in prison for the two counts, the DOJ said in a Nov. 12 statement. Lindberg is the founder of Eli Global LLC and owner of Global Bankers Insurance Group.
Prosecutors said that Lindberg conspired to defraud various insurance companies and policyholders through a web of companies based in North Carolina, Bermuda, Malta, and elsewhere between 2016 and 2019….