CB Life Annuity Fraud Attorneys Tag Archives

For CB Life Annuity Fraud Investors, Suing Their Broker May Be The Best Option For Financial Recovery. Our CB Life Annuity Fraud Attorneys Continue To Investigate Claims of Loss

Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing investors who have suffered losses in CB Life annuities issued by Colorado Bankers Life Insurance. These investments were marketed and sold by US-based brokerage firms that earned high commissions and fees. Meanwhile, thousands of investors have lost money in the six-figures.

Colorado Bankers Life Insurance is one of the many insurers owned by Greg Lindberg, who was recently convicted of wire fraud and is accused of defrauding annuity investors of over $2B. Placed in liquidation by the North Carolina Department of Insurance, this entity was found to have assets of about $1.37B and liabilities of $2.5B. Lindberg has long been suspected of funneling money from his insurance companies to his special purpose vehicles. Adding insult to injury, many CB life annuity investors are finding that their investment was never fully protected because they invested more than what could be covered.

_{Northstar (Bermuda) and Colorado Bankers Life Insurance Owner Greg Lindberg Found Guilty of Bribery A Second Time.}_{Our Seasoned Annuity Fraud Lawyers Are Representing Investors Who Suffered Losses In One of His Many Insurers}

_{If you sustained losses in}_{Colorado Bankers Life Insurance}_{, Bankers Life Insurance,}_{Northstar Financial Services (Bermuda)}_{, or any other Greg Lindberg-owned insurer, Shepherd Smith Edwards and Kantas (}_{investorlawyers.com}_{) CB Life Annuity Fraud Attorneys can help you explore your legal options. Unfortunately, many US broker-dealers sold these annuities to investors, including US investors and foreign nationals. These retail investors have seen their assets frozen and/or lost in the wake of the insurance companies’ financial woes and Lindberg’s legal and criminal troubles.}

_{Now, the North Carolina billionaire has been convicted for a second time of bribing North Carolina Insurance Commissioner Mike Causey. He is facing up to 30 years in prison. He was convicted in 2020 of the same charges and served nearly two years behind bars. However, a judicial mistake led to that verdict being overturned.}