{"id":10386,"date":"2022-01-11T10:03:36","date_gmt":"2022-01-11T15:03:36","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10386"},"modified":"2022-01-11T10:03:36","modified_gmt":"2022-01-11T15:03:36","slug":"northstar-financial-services-bermuda-what-happened-to-all-the-money","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/northstar-financial-services-bermuda-what-happened-to-all-the-money\/","title":{"rendered":"Northstar Financial Services (Bermuda)\u2014What Happened To All The Money?"},"content":{"rendered":"<p><a href=\"https:\/\/www.silverlaw.com\/what-is-northstar-financial-services-bermuda-ltd.html\" target=\"_blank\">Northstar<\/a><a href=\"https:\/\/www.silverlaw.com\/what-is-northstar-financial-services-bermuda-ltd.html\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10387 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/Northstar-Financial-Services-Bermuda.jpg\" alt=\"Northstar Financial Services (Bermuda) Ltd. is one of the dozens of firms in the US and abroad owned by businessman Greg E. Lindberg, now facing bankruptcy and other litigation. And investors are scrambling to recover their lost investments. Current estimates are that 1,773 Northstar account holders have potential claims totaling $426,825,594.  Lindberg bought Northstar in 2018. Even then, Northstar, a Bermuda investment firm founded in the 1990s, was said to be on financially shaky ground, offering investment products much less secure than they were marketed to be. But just months after the acquisition, allegations began to surface that Lindberg was using the assets of his companies like Northstar\u2014insurance and investment companies\u2014to keep his other business interests afloat. Lindberg had allegedly taken $2 billion from his U.S. insurance companies to cover investments (and debts) of the other companies\u2014while untold amounts went to his personal gain.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/Northstar-Financial-Services-Bermuda.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/Northstar-Financial-Services-Bermuda-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a> Financial Services (Bermuda) Ltd. is one of the dozens of firms in the US and abroad owned by businessman Greg E. Lindberg, now facing bankruptcy and other litigation. And investors are scrambling to recover their lost investments. Current estimates are that 1,773 Northstar account holders have potential claims totaling <a href=\"https:\/\/www.royalgazette.com\/international-business\/business\/article\/20210830\/cj-and-liquidators-see-eye-to-eye-over-northstar\/\" target=\"_blank\">$426,825,594<\/a>. <a href=\"https:\/\/www.silverlaw.com\/blog\/northstar-financial-services-bermuda-what-happened-to-all-the-money\/#more-10386\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Northstar Financial Services (Bermuda) Ltd. is one of the dozens of firms in the US and abroad owned by businessman Greg E. Lindberg, now facing bankruptcy and other litigation. And investors are scrambling to recover their lost investments. Current estimates are that 1,773 Northstar account holders have potential claims totaling $426,825,594. Continue reading \u203a<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[588,595],"tags":[],"class_list":["post-10386","post","type-post","status-publish","format-standard","hentry","category-finra-arbitration","category-investment-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Northstar Financial Services (Bermuda)\u2014What Happened To The Money?<\/title>\n<meta name=\"description\" content=\"Northstar Financial Services (Bermuda) Ltd. is one of the firms owned by Greg Lindberg, now facing bankruptcy and other litigation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/northstar-financial-services-bermuda-what-happened-to-all-the-money\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Northstar Financial Services (Bermuda)\u2014What Happened To The Money?\" \/>\n<meta name=\"twitter:description\" content=\"Northstar Financial Services (Bermuda) Ltd. is one of the firms owned by Greg Lindberg, now facing bankruptcy and other litigation.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/Northstar-Financial-Services-Bermuda.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Northstar Financial Services (Bermuda)\u2014What Happened To The Money?","description":"Northstar Financial Services (Bermuda) Ltd. is one of the firms owned by Greg Lindberg, now facing bankruptcy and other litigation.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/northstar-financial-services-bermuda-what-happened-to-all-the-money\/","twitter_card":"summary_large_image","twitter_title":"Northstar Financial Services (Bermuda)\u2014What Happened To The Money?","twitter_description":"Northstar Financial Services (Bermuda) Ltd. is one of the firms owned by Greg Lindberg, now facing bankruptcy and other litigation.","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/Northstar-Financial-Services-Bermuda.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/northstar-financial-services-bermuda-what-happened-to-all-the-money\/","url":"https:\/\/www.silverlaw.com\/blog\/northstar-financial-services-bermuda-what-happened-to-all-the-money\/","name":"Northstar Financial Services (Bermuda)\u2014What Happened To The Money?","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/northstar-financial-services-bermuda-what-happened-to-all-the-money\/#primaryimage"},"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/northstar-financial-services-bermuda-what-happened-to-all-the-money\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/Northstar-Financial-Services-Bermuda.jpg","datePublished":"2022-01-11T15:03:36+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"Northstar Financial Services (Bermuda) Ltd. is one of the firms owned by Greg Lindberg, now facing bankruptcy and other litigation.","breadcrumb":{"@id":"https:\/\/www.silverlaw.com\/blog\/northstar-financial-services-bermuda-what-happened-to-all-the-money\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.silverlaw.com\/blog\/northstar-financial-services-bermuda-what-happened-to-all-the-money\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.silverlaw.com\/blog\/northstar-financial-services-bermuda-what-happened-to-all-the-money\/#primaryimage","url":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/Northstar-Financial-Services-Bermuda.jpg","contentUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/Northstar-Financial-Services-Bermuda.jpg","width":300,"height":200},{"@type":"BreadcrumbList","@id":"https:\/\/www.silverlaw.com\/blog\/northstar-financial-services-bermuda-what-happened-to-all-the-money\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.silverlaw.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Northstar Financial Services (Bermuda)\u2014What Happened To All The Money?"}]},{"@type":"WebSite","@id":"https:\/\/www.silverlaw.com\/blog\/#website","url":"https:\/\/www.silverlaw.com\/blog\/","name":"Securities Arbitration Lawyers Blog","description":"Published by Securities Arbitration Lawyers \u2014 Silver Law Group","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.silverlaw.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752","name":"Silver Law Group","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","caption":"Silver Law Group"}}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/10386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/comments?post=10386"}],"version-history":[{"count":1,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/10386\/revisions"}],"predecessor-version":[{"id":10388,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/10386\/revisions\/10388"}],"wp:attachment":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/media?parent=10386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/categories?post=10386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/tags?post=10386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}