Investment Firm Founder Lindberg Charged With $2 Billion Fraud

North Carolina investment firm founder Greg E. Lindberg, who is awaiting retrial on charges he tried to bribe a state official, was indicted in a separate case alleging he orchestrated a $2 billion insurance fraud scheme.

Lindberg, 53, and two others were indicted Thursday by a federal grand jury in Charlotte, court records show. They’re accused of improperly taking money from insurance companies for personal use and lying to regulators to cover their tracks, prosecutors said.

“The indictment reveals a carefully orchestrated scheme that relied on a web of complex financial investments and transactions designed to evade regulators, disguise ...