A business magnate and major political donor has been indicted for masterminding a “massive” $2bn scheme to defraud regulators and thousands of insurance policyholders. Greg Lindberg, 53, of Durham, North Carolina, allegedly conspired with others between 2016 and 2019 to invest nearly $2bn in multiple insurance companies – many of which have since 2019 apparently been placed into rehabilitation or liquidation.

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