SEC obtains judgement against Lindberg co-defendant in fraud case

July 11, 2023 by John Hilton

A North Carolina judge approved a settlement with former insurance executive Christopher Herwig, who the Securities and Exchange Commission accused of teaming with financier Greg Lindberg to defraud investors of $75 million.

Herwig agreed with the SEC’s findings and “shall pay disgorgement of ill-gotten gains and prejudgment interest thereon,” the order states. “The amounts of disgorgement and civil penalty shall be determined by the Court upon motion of the Commission.”

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Originally Posted at InsuranceNewsNet on July 11, 2023 by John Hilton.