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There Is Still Time For Asian Investors To Try Recouping Their Northstar (Bermuda) Losses. Our Northstar Financial Services Loss Attorneys Represent International Investors Against US-Based Brokerage Firms
In the latest news involving Northstar Financial Services (Bermuda), owner Greg Lindberg is now under further scrutiny by the federal government, which seeks forfeiture of $1.5M in funds seized from him. The North Carolina billionaire, who was recently convicted again of bribery and fraud, is awaiting another criminal trial in which he is accused of defrauding annuity investors of more than $2B.
Among his alleged victims are investors from Asia, especially China and Japan, who were unsuitably marketed and sold Northstar Financial Services (Bermuda) investments by US-based brokerage firms. Investing in this offshore entity was a risky proposition from the start. Foreign nationals were deprived of the regulatory protections they could have availed of if only their financial advisor had sold them comparable US-based products instead.
Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing more than 100 investors in their securities lawsuits against the broker-dealers that sold them a Lindberg-issued annuity, including Northstar (Bermuda) products. If you are an Asian investor who suffered losses and would like to explore your legal options, contact us today to request your free, no obligation case assessment.
Northstar Financial Services (Bermuda) Products
- Global Advantage
- Global Advantage III, V
- Global Advantage Select
- Global Interest Accumulator
- Global Investment Plan
- Global Index Protect
- Global Variable Annuity
- Global VIP
- Global VIP Elite
- Met Group Variable Deferred Annuity
- Met Global Asset Portfolio
- Met Universal Life
- Met Variable Universal Life
Seasoned Northstar Financial Services Loss Attorneys Representing Chinese and Japanese Investors
Since 2020 ,when Northstar (Bermuda) filed for bankruptcy, our annuity fraud law firm has been at the forefront of investigating what happened. This obscure company, founded in the 90s, was never going to be a solid bet for international investors looking for a safe haven for their assets. The inherent riskiness was only compounded when Lindberg acquired this Bermuda-based insurer in 2018. He has long been suspected of funneling money from his various insurance and annuity companies to his many special purpose vehicles.
Northstar Financial Services (Bermuda) FAQs
Yet—perhaps because of the high commissions US brokerage firms could make, or as a result of due diligence failures—none of that stopped them from unsuitably recommending NorthStar Financial Services (Bermuda) to conservative and inexperienced foreign nationals who made it clear from the start they were not interested in taking on much, if any, risk. Many are saying that this investment was misrepresented as safe. They were blindsided by the losses they sustained, including being unable to get back their money.
You want to work with skilled annuity fraud lawyers that have experience in representing investors, including those living abroad, in going after the damages they are owed from broker fraud and negligence. Shepherd Smith Edwards and Kantas is that securities law firm. Over the decades, more than 90% of our clients have received full or partial financial recovery through our hard work and skilled efforts. When you work with us, you can trust you will receive quality securities representation and personalized attention.
Contact Our Northstar Financial Services Loss Attorneys:
In the US: (800) 259-9010
International (WhatsApp, Text only): (713) 227-2400