Lindberg's $2B Fraud Sentence

Greg Lindberg, 56, of Tampa, Florida, and the founder and chairman of Eli Global LLC and owner of Global Bankers Insurance Group (GBIG) was sentenced today to a combined 12 years in prison for his role in a bribery conspiracy and multibillion-dollar fraud conspiracy that bankrupted multiple insurance companies with thousands of unpaid policyholder victims.

1. Frame 1Federal judge orders 12-year sentence for Greg Lindberg after a $2B insurance-fraud case hit policyholders.
2. Frame 2Court records say the scheme ran from 2016 to 2019 through Lindberg-controlled companies.
3. Frame 3Insurance funds circled among affiliated entities while regulators and ratings agencies got misleading information.
4. Frame 4Court records say Lindberg bribed North Carolina's insurance commissioner for favorable action.
5. Frame 5Several insurers entered rehabilitation or liquidation, leaving policyholders with unpaid claims.
6. Frame 6After sentencing, victims are still owed more than $1 billion.