May 27, 2026
Headlines

White Collar Crime

Insurance Executive Sentenced to 12 Years for 'Massive Fraud,' Bribery

Insurance Executive Sentenced to 12 Years for ‘Massive Fraud,’ Bribery

Business News Desk01 mins mins

Former insurance executive Greg Lindberg was sentenced to 12 years in federal prison on Tuesday following his conviction on charges of conspiracy to commit honest services wire fraud and bribery. The sentencing, handed down in a North Carolina federal court, concludes a prolonged legal saga involving the misappropriation of hundreds of millions of dollars from…

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StraightPath Founders Sentenced to Prison in $189 Million Fraud Scheme

StraightPath Founders Sentenced to Prison in $189 Million Fraud Scheme

Business News Desk03 mins mins

Three founders of the investment firm StraightPath Venture Partners were sentenced to prison terms this week in a New York federal court for their roles in a massive, multi-year securities fraud scheme. The trio, including Michael Castillero, Francine Lanaia, and Brian Martinsen, were convicted of orchestrating a fraudulent operation that misappropriated nearly $189 million from…

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