Federal Prosecutors Investigate Mark Walter’s Insurance Empire

2 minutes ago

Federal Prosecutors Investigate Mark Walter’s Insurance Empire

Federal prosecutors are investigating potential financial improprieties involving two insurance companies tied to Lakers, Dodgers, and Sparks owner Walter, plus Guggenheim Partners. Grand jury subpoenas reportedly seek answers on whether private credit investments connected to other parts of his business empire were properly disclosed. TWG Global said it is cooperating with authorities and pursuing remediation plans.

By Raahib Singh

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