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The nation’s best-known public universities have been on an unfettered spending spree. Over the past two decades, they erected new skylines, poured money into big-time sports programs and hired layers of administrators. Then they passed the bill along to students. The Gatton Student Center courtyard at the University of Kentucky. Photo: Jon Cherry for The Wall Street Journal
Persons: Jon Cherry Organizations: The Gatton Student, University of Kentucky, Wall Street
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Persons: Dow Jones
Greg Lindberg, pictured in 2018, was sent to federal prison in 2020 before an appeals court in June overturned his conviction and ordered a new trial. A federal grand jury indicted North Carolina insurance entrepreneur Greg Lindberg , alleging that he directed a criminal scheme to defraud policyholders of hundreds of millions of dollars in part to finance his lavish lifestyle. The new charges, handed up in the Western District of North Carolina, are the latest salvo in a roller-coaster legal fight that has lasted for several years. Mr. Lindberg was sent to federal prison in 2020 on charges related to the bribing of a public official before a federal appeals court in June overturned his conviction and ordered a new trial. The additional charges revealed Friday are separate from that coming trial.
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