US investor awaiting sentence in $2bn fraud case no longer a shareholder, says Clanwilliam Group

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US investor awaiting sentence in $2bn fraud case no longer a shareholder, says Clanwilliam Group
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Former billionaire Greg Lindberg misused insurance funds for range of purposes including paying women to donate eggs, according to US courts

Greg Lindberg used an investment vehicle called Eli Global or Global Growth, and a web of affiliated companies, to invest hundreds of millions of euros in business ventures.

Among the investments made by Triton was the reported €45 million paid in late 2014 for Helix Health, a medtech company established by Irish entrepreneur Howard Beggs. Helix became the Clanwilliam Group, and now includes subsidiaries in the UK, New Zealand and Australia.Moving to New Zealand may not be enough to avoid Donald Trump

Lindberg has 12 children, three from his former marriage and the rest apparently by way of in-vitro fertilisation. He is in jail awaiting sentencing. In June 2019, several insurance companies owned by Lindberg were placed in rehabilitation by order of the courts in North Carolina and since then regulators have been working to unwind the complex financial web of companies and bank accounts he controlled.

Gaddy is a director of a security company in North Carolina called Apex International that was involved in monitoring women being considered as potential egg donors for children to be fathered by Lindberg.

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