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Lindberg Claims Mike Causey Refuses To Take Action On $1 Billion ... - InvestorsObserver

Lindberg Claims Mike Causey Refuses To Take Action On $1 Billion Rehab Exit Plan For North Carolina Insurers

PR Newswire

DURHAM, N.C. , Feb. 24, 2023 /PRNewswire/ -- Susan Estrich, spokesperson for Greg Lindberg, provided the following update regarding Friday's filing of new charges against Greg Lindberg in the Western District of North Carolina :

After the United States Court of Appeals for the Fourth Circuit ruled that he was wrongfully convicted, Lindberg was released in July of last year from federal prison after serving 633 days. He says he has "seen this movie before" with his fellow inmates. "The government makes all kinds of false allegations to try to get you to settle. They use high pressure tactics to try to roll over defendants and get them to admit things they never did. They dog pile claims on you to try to get you to take a plea. It's bullying pure and simple," Lindberg says.

According to Lindberg, his legal team supplied the prosecution with millions of pages and documents explaining every transaction that they had questions about. "The prosecution is claiming that the transactions were not disclosed yet they were supplied with emails showing the transactions were disclosed to virtually everyone on the management team of the North Carolina insurers, including the Chairman of the Board of the management company," Lindberg says.

Lindberg says that despite being clearly shown how the transactions resulted in more capital and surplus paid into the North...



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