Lindberg pleaded guilty on Nov. 12 to one count of conspiracy to commit offenses against the United States and one count of money laundering in a scheme to defraud insurance regulators and policyholders.

The 54-year-old Tampa resident faces a maximum penalty of 15 years in prison for the two counts, the DOJ said in a Nov. 12 statement. Lindberg is the founder of Eli Global LLC and owner of Global Bankers Insurance Group.

Prosecutors said that Lindberg conspired to defraud various insurance companies and policyholders through a web of companies based in North Carolina, Bermuda, Malta, and elsewhere between 2016 and 2019.