Tag Archives: Greg Lindberg

Indicted Insurance coverage Government Greg Lindberg Hires Former FBI Chief for Assist


Embattled insurance coverage tycoon Greg Lindberg stated he employed former FBI Director Louis Freeh to look at and supply recommendation on the funds of his enterprise entities and associated authorized and regulatory points.

The transfer comes as Mr. Lindberg’s insurance coverage empire faces strain from regulators and mounting litigation. The 49-year-old entrepreneur is also battling federal felony costs of trying to bribe the North Carolina insurance coverage commissioner. He has pleaded not responsible.


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Indicted NC insurance coverage tycoon spied on girls he needed up to now :: WRAL.com


— North Carolina’s largest political donor tracked girls he was fascinated by, utilizing his safety agency to analysis and surveil them, based on a prolonged report printed this week by The Wall Avenue Journal.

The article, primarily based on months of reporting, interviews with a few of the girls concerned, interviews with safety personnel and a assessment of inside stories and messages they supplied, particulars Durham insurance coverage magnate Greg Lindberg’s strategy to courting and to figuring out potential egg donors to assist him have a child.

The newspaper stated Lindberg scoured social media, usually keying on aspiring fashions, then had a surveillance group analysis every girl’s habits and whether or not or not she had a boyfriend. At one level, they staked out a “Sports activities Illustrated” swimsuit mannequin’s condominium, The Journal stated.

Lindberg’s group used GPS trackers and reported again if the ladies noticed different males, the newspaper stated. One investigator enrolled in a culinary faculty to maintain watch, The Journal reported. In one other case, employees rented an condominium throughout the corridor and “chronicled her entrances and exits through digicam,” the newspaper stated.

The Journal reported that a few of the girls have been conscious of this surveillance and others stunned by its extent, with one calling it “creepy” and “alarming.”

Lindberg, who’s underneath federal indictment and accused of making an attempt to bribe North Carolina’s state insurance coverage commissioner, pushed again towards the article Friday with an announcement launched by Robert Gaddy, president of the safety agency Lindberg owns and whose strategies have been detailed in The Journal’s piece.

Gaddy stated the report was primarily based on the phrase of “a disgruntled ex-employee of the agency who was terminated and was sued for breach of contract, theft, misappropriation, fraud and for making representations that falsified his navy report.”

“The reality is that there’s nothing salacious about Mr. Lindberg’s private life,” Gaddy stated within the assertion.

The assertion acknowledges Lindberg had Apex Worldwide “look carefully on the lives of potential egg donors to ensure they have been secure and wholesome.” It says Lindberg is now anticipating a toddler “through gestational service.”

It additionally factors to Lindberg’s marriage, which led to prolonged and acrimonious divorce proceedings that have been finalized this summer time in Durham County. The file in that case is greater than a foot thick, with accusations and counter-accusations between Lindberg and his former spouse, Tisha Lindberg, who separated in 2017.

Each Lindbergs accuse the opposite of abusive habits. In court docket filings, Tisha Lindberg describes a household compound in Durham surrounded by a 15-foot wall and monitored by safety cameras, guard canines and a 24-hour safety group.

“I usually questioned if Mr. Lindberg was making an attempt to maintain individuals out or maintain me in,” Tisha Lindberg stated in a single affidavit.

Greg Lindberg responded within the divorce case that he had little alternative however to surveil his spouse, with whom he has three youngsters. He accused her of drug abuse and making an attempt to homicide him. They accused one another of getting psychological points.

The Journal’s report was launched on-line Thursday, and it was on the entrance web page of Friday’s print version. It is the most recent in a saga with potential nationwide implications for the insurance coverage business and political ramifications in North Carolina.

Lindberg got here from political obscurity to offer greater than $5 million in marketing campaign donations to varied political teams in the previous couple of years. On Wednesday Robin Hayes, a former congressman and chairman of the North Carolina Republican Celebration, pleaded responsible to mendacity to the FBI throughout the federal sting that noticed Hayes, Lindberg and two of Lindberg’s associates accused of making an attempt to bribe state Insurance coverage Commissioner Mike Causey.

All 4 initially pleaded not responsible on this case, and Lindberg’s trial might start in November.

WRAL Information reached out Thursday to entities that received at the least six figures from Lindberg – the state Republican Celebration, the North Carolina Democratic Celebration, the Home Republican Caucus and a pair of political committees supporting Lt. Gov. Dan Forest – to see if The Journal’s revelations modified their minds on protecting his cash.

Most didn’t reply. None indicated they’d give the cash again or donate it to charity, as is typically carried out when scandal envelops marketing campaign donors. All indicated in July that they deliberate to maintain the cash.

Lindberg owns dozens, if not a whole lot, of corporations, together with 4 regulated by the state Division of Insurance coverage, which is headed by Causey. The division took management of the businesses following the indictment, and Causey shared issues in a court docket submitting on the time that they may not have sufficient liquidity to satisfy their obligations.

The Wall Avenue Journal has reported extensively on Lindberg’s enterprise dealings and the way in which cash flowed from his insurance coverage corporations into different corporations that he owned, partly throughout former state Insurance coverage Commissioner Wayne Goodwin’s time in workplace.

Goodwin now chairs the state Democratic Celebration and has stated repeatedly he did nothing incorrect. He has not been charged within the federal case.

Goodwin labored as a Lindberg marketing consultant after shedding the insurance coverage commissioner’s race to Causey in 2016, and two of his high deputies from the Division of Insurance coverage went to work for one in all Lindberg’s corporations after the election.

Regulators in a number of states have reviewed Lindberg’s holdings, and The Journal reported this week that some concern the cash he loaned to his different companies might not be collectible, doubtlessly triggering one of many largest U.S. life insurance coverage insolvencies in many years.

Gaddy stated in his assertion Friday that these allegations are false, although it was unclear why the pinnacle of Lindberg’s safety enterprise was commenting on the monetary well being of Lindberg’s different corporations. However Gaddy stated in his assertion that “the North Carolina Division of Insurance coverage stated lately that there aren’t any defaults with loans to Mr. Lindberg’s corporations and stated this week that Mr. Lindberg’s insurers have substantial ‘monetary wherewithal.'”

The division has certainly stated in court docket filings monitoring the takeover of Lindberg’s insurance coverage corporations that not one of the insurance coverage corporations’ “affiliated investments” in Lindberg’s different companies is in default, although it famous one $35 million funding in an organization referred to as Agera Power is taken into account “completely impaired.”

However it’s unclear the place the “substantial monetary wherewithal” language in Gaddy’s assertion got here from.

The Division of Insurance coverage’s common counsel stated in an announcement that the division cannot touch upon the well being of the companies past what it recordsdata with the court docket, however “with regard to the phrases attributed to the DOI by one in all Mr. Lindberg’s associates, all we are able to say is that we don’t recall making any such assertion.”

WRAL Information requested a Lindberg spokesman to supply the assertion or provide an evidence Friday afternoon. He didn’t instantly reply.

Somebody answering at a telephone quantity listed on-line for Gaddy stated he did not have time to talk with a reporter Friday and hung up.


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Vitality Firm Managed by Indicted Insurance coverage Tycoon Information for Chapter 11


An power firm managed by indicted financier Greg Lindberg filed for chapter, a attainable signal of monetary misery in his empire of personal corporations that collectively borrowed a minimum of $2 billion from life insurers he owned.

Agera Vitality LLC owes $35.7 million to considered one of Mr. Lindberg’s North Carolina insurers, based on papers filed Friday within the U.S. Chapter Courtroom in New York. That debt is unlikely to be totally repaid as a result of the insurer’s declare ranks behind far bigger obligations owed to BP Vitality Co., in accordance…


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