U.S. DOJ sentences former owner of a multinational investment company for orchestrating a $2B insurance fraud, ML, and bribery scheme that left policyholders with major losse

Lindberg, founder of Eli Global and owner of Global Bankers Insurance Group, was sentenced after admitting fraud and money laundering conspiracies and being convicted separately of bribery-related offences involving North Carolina insurance regulation. DOJ says the schemes involved moving more than $2 billion from insurance companies into affiliated entities, misleading regulators and rating agencies, using funds for personal benefit, and leaving thousands of victims collectively owed more than $1 billion…