SEC obtains judgement against Lindberg co-defendant in fraud case
July 18, 2023 by John Hilton
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.”
Click HERE to read the full story via INN
Wink’s Moore on the Market: f you are following the Global Bankers saga, you’ll want to read the latest from John Hilton at InsuranceNewsNet.
(I mean, it’s no “wow- this guy paid private investigators to follow women who he propositioned to bear his children-level” news, but you’ll probably want to read it.) -sjm
