- June 22, 2021
- Posted by: Stratford Team
- Category: Business
Testimony started Monday in a civil lawsuit against a man who was once North Carolina’s largest political donor but is now serving federal time for trying to bribe the state’s insurance commissioner.
Greg Lindberg’s own insurance companies, taken over by the state several years ago, sued him in Wake County Superior Court, accusing him of funneling company cash to himself. Lindberg himself monitored proceedings virtually Monday, from the prison camp in Alabama where he’s serving more than 7 years.
The testimony was dense and technical as attorneys set the stage for their attempt to unwind the would-be billionaire’s complex business arrangements. They want Judge Graham Shirley to force Lindberg to live up to a memorandum of understanding he signed with the companies in 2019 and repay loans his insurance companies made to other businesses he also…
