Insurance mogul operating in Malta ‘facing FBI probe’

An insurance mogul who set up shop in Malta in 2014 is reportedly being investigated by the FBI for alleged offences that could potentially include financial crimes, the Times of Malta has learnt. American entrepreneur Greg Lindberg is reportedly facing a grand jury investigation after prosecutors last September seized records from North Carolina’s Department of Insurance. Media reports in the US said the subpoenas listed several broad categories of potential offences, including those related to drug, financial services or money laundering. Mr Lindberg did not respond to a request for comment by the Times of Malta. Media scrutiny in the US has also focused on millions of dollars given by Mr Lindberg to the Republican party and donations to the Democratic party. The American investor registered reinsurance company Standard Re in April 2015. It was given a Class 1 and Class 2 insurance licence by the Malta Financial Services Authority. Asked if any issues had been flagged about Mr Lindberg, a spokesman for the MFSA said confidentiality requirements prevented him from answering. “The [MFSA’s] supervisory work is confidential by nature and we cannot disclose details of any...