North Carolina businessman still out on bond after 13-count conspiracy indictment
Greg E. Lindberg of Durham, NC, has been released on a $100,000 unsecured bond
{{#rendered}} {{/rendered}}A North Carolina business magnate remains free after he was indicted on charges he conspired to conduct a massive scheme to deceive insurance regulators and policyholders related to insurance companies that he controlled.
Greg E. Lindberg of Durham was ordered released on $100,000 unsecured bond following his initial appearance and arraignment on Thursday before U.S. Magistrate Judge David Keesler in Charlotte, court filings show.
A grand jury indicted Lindberg on Feb. 23 on 13 counts, with wire fraud, money-laundering conspiracy and false entries about insurance business finances among them. Lindberg pleaded not guilty on Thursday, according to the hearing's summary.
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A meeting between attorneys in the case is set for April 24 before U.S. District Judge Max Cogburn.
Durham, North Carolina-based insurance magnate Greg E. Lindberg has been released on a $100,000 unsecured bond following a 13-count conspiracy indictment. (Robert Brown Public Relations/Greg Lindberg via AP, File)
Lindberg, once a large political donor in the state, already awaits a retrial on separate charges he attempted to bribe North Carolina’s insurance commissioner to secure preferential regulatory treatment for his insurance business.
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A federal appeals court overturned his 2020 corruption-related convictions in that case, leading to his release from an Alabama prison, where he had been serving a seven-year sentence.
Kessler agreed with attorneys Thursday that Lindberg be released on conditions similar to those set in his corruption case.
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Lindberg denies wrongdoing in both cases.