Largest Policyholder Says These False Claims Don't Help Them
DURHAM, N.C., Dec. 22, 2022 /PRNewswire/ -- Greg Lindberg responded today to false allegations about him that were included in the Justice Department's criminal filing against Christopher Herwig (U.S. vs. Christopher Herwig, Case No. 3:22-cr-314-MOC, filed on Monday, December 19, and unsealed today.)
"I invested over $500 million in my insurance companies. I never took a penny of dividends. The allegation that I somehow defrauded them while investing $500 million in them and taking no dividends is entirely absurd," said Lindberg.
"I also hired over 100 investment professionals, lawyers, and accountants and spent tens of millions of dollars on their compensation to ensure that insurance reserves were invested according to the affiliate loan compliance plan that I personally drafted," said Lindberg.
This detailed affiliate loan compliance plan mandated that the insurance investment team follow a whole series of processes to comply with the laws and regulations governing these loans, said Lindberg.
"In this compliance plan I appointed six individuals to the clearly defined Investment Compliance Department and Insurance Investment Underwriting Team. I was not one of those individuals," said Lindberg.
"The government is claiming that the transactions were not disclosed, yet we supplied emails showing the transactions were disclosed to virtually everyone on the management team of the North Carolina insurers, including...
Over the last year, beyond traditional healthcare and federal procurement matters, the government has pursued federal False Claims Act (FCA) investigations and enforcement across high-risk areas, i...