Insurance Mogul Greg Lindberg Pleads Guilty to $2 Billion Fraud, Money Laundering Scheme

Greg Lindberg is the founder of Eli Global LLC and owner of Global Bankers Insurance Group.

The Department of Justice building in Washington on March 28, 2023. Madalina Vasiliu/The Epoch Times

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.