Recent developments involving Greg Lindberg have brought renewed attention to investors who may have suffered losses tied to Northstar Bermuda.
Soreide Law Group has successfully handled cases against Suntrust, Truist, Bank of Hawaii and other firms representing many investors not only from the United States but also from South America, Mexico and Japan, who were investors in Northstar Bermuda.
If your broker/dealer or financial advisor recommended investing in Northstar Bermuda and you’ve experienced financial losses, you may be entitled to pursue financial recovery.
According to a recent article in Life Insurance News, in November of 2024, Greg Lindberg pleaded guilty to engineering a $2 billion fraud. Lindberg was convicted for a second time in May of 2024 of trying to bribe the North Carolina Insurance Commissioner. Lindberg has been held at the Gaston County Jail since Nov. 12, 2024. A court-appointed special master is recommending that victims of the massive insurance fraud scheme tied to Greg Lindberg receive about $1.6 billion in restitution, according to a detailed memorandum filed recently by the court. This memo describes a years-long conspiracy in which Lindberg and others allegedly diverted policyholder funds, misrepresented financial conditions to regulators, and used insurance company assets for personal gain. The memo also details significant losses among Bermuda-based insurers tied to Lindberg’s business network, including Northstar Financial Services, Omnia Ltd. and PB Life and Annuity Co.
Soreide Law Group is currently investigating claims on behalf of investors who:
- Invested in Northstar Bermuda
- Were connected to investments involving Greg Lindberg
- Experienced losses or diminished value
- Were not fully informed of the risks or structure of the investment
These developments raise serious concerns about how certain investments—including those connected to Northstar Bermuda, were structured, marketed, and managed.
Depending on your situation, you may be eligible to recover losses related to:
- Misrepresentation or omission of key investment risks
- Breach of fiduciary duty
- Unsuitable investment recommendations
- Securities fraud or related misconduct
There are strict time limits (statutes of limitations) that may apply to your claim. Waiting too long could affect your ability to recover.
A quick review can help determine whether you have a viable case.
Speak with an experienced lawyer to understand your rights and options.
- Extensive experience in securities claims
- Proven track record in complex financial cases
- Personalized, confidential approach
- No upfront fees
If you invested in Northstar Bermuda and experienced financial losses, you may be entitled to pursue financial recovery.
Contact Soreide Law Group and speak to an experienced securities lawyer at no cost at: 888-760-6552.
Soreide Law Group represents our clients before FINRA on a contingency fee basis, no fee if no recovery.
