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

Convicted US fraudster Greg Lindberg, awaiting sentencing for misusing $2 billion in insurance funds, no longer owns Clanwilliam Group, an Irish medtech firm he acquired in 2014. Clanwilliam's ownership shifted in November 2020 to a UK-based trust, the Clanwilliam Group Trust, with H Steven Wilson as Trustee and Howard Beggs and Gerry Hunt the ultimate controlling parties. Lindberg's misuse of funds included business investments and personal expenses, including paying women for egg donation. A US court has appointed an official to unwind Lindberg's financial empire and reimburse affected insurance companies.
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