Federal prosecutors allege Lindberg and employees conspired to defraud NC Department of Insurance

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CHARLOTTE, NC (WBTV) — A top executive of billionaire insurance mogul Greg Lindberg has pleaded guilty to one count of conspiracy to defraud the United States.

Unsealed court documents on Thursday detailed the case against the executive, Christopher Herwig.

The U.S. Securities and Exchange Commission previously accused Herwig and Lindberg of devising an elaborate scheme to defraud clients of more than $75 million.

The new criminal case unsealed Thursday by prosecutors for the Western District of North Carolina and the Fraud Section of the Justice Department’s Criminal Division does not identify Lindberg by name but names him as the owner of the companies in which Herwig worked. .

According to the charging document, Herwig, Lindberg and a third employee worked together to devise and execute a complex financial plan to move money between various insurance companies and other businesses owned by Lindberg.

Previous: NCGOP chairman, others indicted in federal corruption probe

The billing document claims the scheme was designed to skim money from various companies for Lindberg’s benefit while concealing the scheme from regulators at the North Carolina Department of Insurance.

Lindberg had previously been indicted by federal prosecutors for attempting to bribe North Carolina Insurance Commissioner Mike Causey.

Lindberg was found guilty of this charge, but the case was later dismissed on appeal. Prosecutors said they plan to retry the corruption case.

According to unsealed charging documents Thursday, Lindberg took $55 million from his companies in the scheme and used the money from his insurance companies to buy a mansion and a second property called land properties. of tennis.

A lawyer for Herwig declined to comment on Thursday’s guilty plea.

Attempts by WBTV to reach a representative for Lindberg failed at press time.

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