Overview
- A federal judge in Charlotte sentenced Lindberg to 12 years in prison on Tuesday for money laundering tied to a scheme prosecutors say diverted more than $2 billion from insurers.
- Lindberg previously pleaded guilty to federal money-laundering charges and was separately convicted in a bribery case that targeted North Carolina’s insurance commissioner.
- Court filings say Lindberg used stolen insurer cash to buy private jets, a 200-foot yacht, real estate and to make large payments related to personal relationships.
- He has paid and pledged large sums toward restitution and faces about $3.69 billion owed, with courts and receivers still working to recover funds for thousands of harmed policyholders.
- Lindberg is seeking a presidential pardon but local officials say state-level prosecutions remain possible and restitution hearings and recovery efforts are expected to continue.