Why CB Life Annuity and Northstar (Bermuda) Investors Should Explore Suing Their Broker
Owner Greg Lindberg’s Money Woes, Along With Fraud Charges, Pile Up
If you are an investor whose assets are frozen in Colorado Bankers Life Insurance, Southland Reinsurance Company, Northstar Financial Services (Bermuda), or another Greg Lindberg-owned insurance company, now is the time to explore whether you have grounds for suing your broker for marketing and selling you these companies’ annuities. All of Lindberg’s insurers are currently in rehabilitation or liquidation. With his financial, regulatory, and criminal fraud charges continuing to grow, waiting for those proceedings, or the North Carolina billionaire himself, for any type of financial relief will be a lengthy and arduous process. Who knows if investors will get back much, if anything at all from them, in the end.
Just recently, a new filing indicates that Lindberg, who is awaiting a retrial on federal fraud and bribery charges, as well as a second federal trial over a 13-count indictment, may owe creditors at least $1.9B. The latest paperwork, submitted by his attorneys to the North Carolina Supreme Court, is an attempt to overturn a state court ruling against him and his associated companies.
Do You Have Grounds For A Stockbroker Fraud Lawsuit?
Since 2020, Shepherd Smith Edwards and Kantas Annuity Fraud Lawyers have been representing investors who suffered annuity losses involving Colorado Bankers Life Insurance, Bankers Life Insurance, Southland Reinsurance Company, Southland National Insurance, and PB Investment Holdings. Owner Lindberg has long been suspected of funneling funds from these insurance companies in the US and Bermuda to his special-purpose vehicles. He has been under investigation since at least 2019.
Yet the suspicions about him did not seem to sway broker-dealers, who stood to earn high commissions from selling these annuities to customers. Instead, many financial advisors allegedly unsuitably recommended Lindberg-issued annuities to both US investors and international investors, purportedly making misrepresentations and omissions and overconcentration their accounts. Many of those harmed are novice investors, retirees, and senior investors.
What Makes Our Savvy Annuity Fraud Lawyers The Ones To Work With?
Shepherd Smith Edwards and Kantas Annuity Fraud Lawyers are representing more than 100 annuity loss lawsuits against dozens of broker-dealers that sold Lindberg-issued annuity policies to customers. Should we agree to work together, you will be represented by our entire law firm with a combined over a century’s experience in securities law and the securities industry. Our trusted annuity fraud attorneys have an in-depth understanding of how these investments failed investors and why their brokerage firms should be held liable.
How To Contact Us:
We are a leading investment loss recovery law firm with locations all over the US. Our dedicated annuity loss attorneys are committed to fighting for our clients while protecting their legal rights. Having represented thousands of investors over the years in arbitration, litigation, and mediation—more than 90% of our clients have received full or partial financial recovery with our help—we have the skills, resources, and knowledge to provide you with the quality securities law representation and personal attention that you need.
In the US: (800) 259-9010
International via WhatsApp (text only): (713) 227-2400