N.C. Insurance Magnate Greg Lindberg Begins Jail Term - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Life Insurance News
Newswires RSS Get our newsletter
Order Prints
October 20, 2020 Newswires
Share
Share
Tweet
Email

N.C. Insurance Magnate Greg Lindberg Begins Jail Term

Associated Press

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.

Older

FOX-TV Financial Quarterback Tells Ohio Public Employees How to Win the Game of Retirement in New Book

Newer

See it: Sen. Lindsey Graham, confronted by protesters, plays the victim

Advisor News

  • Private equity, crypto and the risks retirees can’t ignore
  • Will Trump accounts lead to a financial boon? Experts differ on impact
  • Helping clients up the impact of their charitable giving with a DAF
  • 3 tax planning strategies under One Big Beautiful Bill
  • Gen X’s retirement readiness is threatened
More Advisor News

Annuity News

  • LTC annuities and minimizing opportunity cost
  • Venerable Announces Head of Flow Reinsurance
  • 3 tax planning strategies under One Big Beautiful Bill
  • MetLife Completes $10 Billion Variable Annuity Risk Transfer Transaction
  • Gen X’s retirement readiness is threatened
More Annuity News

Health/Employee Benefits News

  • 1 in 4 ACA enrollees likely to forgo insurance if premiums double
  • EXAMINING IMPACT OF FEDERAL RELIEF PROGRAM AFTER MAJOR HEALTHCARE CYBERATTACK
  • Ciscomani among bipartisan House coalition urges action on ACA premium increases
  • Guest column: Congress should work to lower health care costs
  • MICHELLE MALKIN: How did Obamacare waivers work out for big corporations? (2012)
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • On the Move: Dec. 4, 2025
  • Judge approves PHL Variable plan; could reduce benefits by up to $4.1B
  • Seritage Growth Properties Makes $20 Million Loan Prepayment
  • AM Best Revises Outlooks to Negative for Kansas City Life Insurance Company; Downgrades Credit Ratings of Grange Life Insurance Company; Revises Issuer Credit Rating Outlook to Negative for Old American Insurance Company
  • AM Best Affirms Credit Ratings of Bao Minh Insurance Corporation
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Slow Me the Money
Slow down RMDs … and RMD taxes … with a QLAC. Click to learn how.

ICMG 2026: 3 Days to Transform Your Business
Speed Networking, deal-making, and insights that spark real growth — all in Miami.

Your trusted annuity partner.
Knighthead Life provides dependable annuities that help your clients retire with confidence.

Press Releases

  • Altara Wealth Launches as $1B+ Independent Advisory Enterprise
  • A Heartfelt Letter to the Independent Advisor Community
  • 3 Mark Financial Celebrates 40 Years of Partnerships and Purpose
  • Hexure Launches AI Enabled Version of Its Platform to Power Life Insurance Sales
  • National Life Group Board Approves Dividends for 2026
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2025 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet