{"id":732,"date":"2026-05-26T19:36:58","date_gmt":"2026-05-26T19:36:58","guid":{"rendered":"https:\/\/charlotterelocationguide.com\/?p=732"},"modified":"2026-05-26T19:36:58","modified_gmt":"2026-05-26T19:36:58","slug":"yachts-jets-and-women-nc-billionaire-greg-lindberg-to-pay-for-billions-he-stole","status":"publish","type":"post","link":"https:\/\/charlotterelocationguide.com\/?p=732","title":{"rendered":"Yachts, jets and women: NC billionaire Greg Lindberg to pay for billions he stole"},"content":{"rendered":"

Billionaire Greg Lindberg, now convicted of trying to bribe a state official<\/a> on top of masterminding what federal prosecutors called<\/a> \u201cone of the biggest insurance frauds in history,\u201d was sentenced Tuesday to more than 19 years in prison.<\/p>\n

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Lindberg \u201csiphoned more than $2 billion\u201d from insurance companies and used about $30 million on private jets, $21 million \u201cin connection with various women,\u201d and $12 million on \u201cyacht expenses,\u201d Assistant U.S. attorneys wrote in their sentencing memorandum. And when North Carolina insurance regulators started poking around, he tried to bribe state Commissioner of Insurance Mike Causey.<\/p>\n

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Attorneys said the billionaire owed about 2,000 policyholders at the time of his sentencing, and Lindberg owed $1 billion to insurance companies in Puerto Rico and $4 million to the National Organization of Life & Health Insurance Guaranty Associations. By Tuesday, he had paid $1 billion in restitution, his attorneys said.<\/p>\n

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But about 30,000 victims died before seeing any of that money, prosecutors said.<\/p>\n

Lindberg has credit for about four years served in jail.<\/p>\n

This is a developing story. Check back for updates.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Greg Lindberg sentenced to over 19 years for one of the biggest insurance frauds, using funds on jets, yachts and women and trying to bribe NC Insurance Commissioner Mike Causey.<\/p>\n","protected":false},"author":1,"featured_media":731,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-read-todays-edition"],"yoast_head":"\nYachts, jets and women: NC billionaire Greg Lindberg to pay for billions he stole - \u0421harlotte Relocation Guide<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/charlotterelocationguide.com\/?p=732\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yachts, jets and women: NC billionaire Greg Lindberg to pay for billions he stole - 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