Partial Dismissal Granted In $1B RICO Insurance Fraud Scheme Involving Magnate

(August 14, 2024, 2:17 PM EDT) -- RALEIGH, N.C. — A North Carolina federal judge on Aug. 13 partially dismissed a Racketeer Influenced and Corrupt Organizations Act (RICO) case against defendants accused of participating in a $1 billion scheme to defraud now-insolvent insurers once owned by former insurance magnate Greg Lindberg, finding that the pleadings lack specificity as to those entities indirectly owned by Lindberg....