N.C. Insurance Magnate Greg Lindberg Begins Jail Term
RALEIGH, N.C. (AP) — A North Carolina insurance magnate and prolific political donor has started serving a federal prison sentence for corruption-related convictions.
Greg E. Lindberg was in custody on Tuesday at a minimum-security prison in Montgomery, Alabama, according to Scott Taylor, a spokesman for the Federal Bureau of Prisons. A judge on Monday denied a second request by Lindberg’s lawyers to delay his Tuesday reporting date.
Lindberg, 50, was sentenced in August to more than seven years in prison after being convicted of attempting to bribe North Carolina’s insurance commissioner to secure preferential regulatory treatment for his insurance business. Lindberg is appealing his convictions.
Lindberg had given more than $5 million to state and federal candidates and committees since 2016, favoring Republicans but also giving to Democrats.
John D. Gray, a consultant for Lindberg’s company, was convicted of charges similar to Lindberg’s. But Gray, 70, didn’t have to report to a West Virginia federal prison on Tuesday as initially required to begin his 2 1/2-year sentence. U.S. District Judge Max Cogburn on Monday granted Gray’s request to delay his starting date until Jan. 1, citing the defendant’s age and history of heart-related issues as elevating his risk for health complications should he contract COVID-19 in prison.
Cogburn rejected Lindberg’s contention that he was also at an increased risk for virus-related complications. Lindberg later asked to remain at home until just after the birth of his child in early December, but the judge denied that request, too.
Lindberg, the sole owner of the company now known as Global Growth, entered prison the day after he unveiled a biographical self-help book describing what a news release called “the lessons he learned” from encountering adversity.


FOX-TV Financial Quarterback Tells Ohio Public Employees How to Win the Game of Retirement in New Book
See it: Sen. Lindsey Graham, confronted by protesters, plays the victim
Advisor News
- Succession planning: Building the future of your practice
- From loss to security: Supporting widowed clients with life insurance
- Plan now for lower Social Security benefits later
- The conversation almost no advisor is having yet
- Why advisors should offer retirement-longevity planning
More Advisor NewsAnnuity News
- Empower Annuity Insurance Company of America Trademark Application for “EMPOWER WHAT’S NEXT” Filed: Empower Annuity Insurance Company of America
- Industry pushes back on linking ‘financial strength’ to annuity illustrations
- Sammons Enterprises & Sammons Financial Group Respond to Reports
- The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
- Cayman Islands premier to meet with U.S. reinsurance regulators
More Annuity NewsHealth/Employee Benefits News
Life Insurance News
- Record IUL sales don’t diminish the need for continued customer engagement
- Benchmark International Successfully Facilitated the Transaction Between National Group Marketing Trust and New Era Life Insurance Companies
- Why the bond market is flexing its muscles, and why everyone needs to care
- An Application for the Trademark “LIVE TODAY, SECURE TOMORROW.” Has Been Filed by Security Mutual Life Insurance Company of New York: Security Mutual Life Insurance Company of New York
- Modern Woodmen board selects Shea Doyle as next president and CEO
More Life Insurance News