Fraudster billionaire who wanted 50 kids with ‘blonde, blue-eyed’ women sentenced to prison
Greg Lindberg, a North Carolina billionaire, was sentenced to 12 years in prison for a fraud scheme that stole over $2 billion from insurance companies. He sought to father 50 children with women he specifically desired based on their appearance, while spending lavishly on various expenses. Lindberg's fraudulent activities included using insurer funds for personal luxuries and manipulating women involved in his 'baby project.'
- ▪Greg Lindberg was sentenced to 12 years in prison for a fraud scheme involving over $2 billion.
- ▪He sought to father 50 children with women he described as 'Aryan' and spent millions on recruiting them.
- ▪Lindberg used funds from insurance companies to finance personal luxuries, including yachts and private jets.
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Business Fraudster billionaire who wanted 50 kids with ‘blonde, blue-eyed’ women sentenced to prison By Ariel Zilber Published May 27, 2026, 5:09 p.m. ET See more of our coverage in your search results. Add The New York Post on Google A North Carolina billionaire who reportedly sought to father as many as 50 children with “Aryan”-looking women was sentenced this week to 12 years in prison for a sprawling fraud scheme that siphoned more than $2 billion from insurance companies. Greg Lindberg, 55, spent roughly $30 million on private jets, $21 million “in connection with various women” and another $12 million on yacht expenses while looting insurer cash meant to protect retirees and policyholders, according to federal prosecutors.
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