Dodgers and Lakers Owner Mark Walter's Financial Empire Under Federal Loan Fraud Investigation
The U.S. Attorney's Office and securities regulators are reportedly investigating the business empire of Mark Walter, owner of the Los Angeles Dodgers and Lakers, over $16 billion in potentially fraudulent loans. The loans, made by two Delaware life insurers Walter owns, were allegedly issued to companies tied to him or his TWG Global holding company without being disclosed as required 'related party' transactions. The probe began after an internal whistleblower complaint questioned revenue booking practices at Walter's asset-management firm, Guggenheim Investments. FBI agents have seized at least one cellphone in connection with the investigation. The insurers, Delaware Life Insurance and Clear Spring Life and Annuity, disclosed the investigations in June regulatory filings, significantly revising their reported affiliated investments from $1 billion to $16 billion. Walter, also CEO of Guggenheim Partners, led the record-breaking purchases of the Dodgers in 2012 and a controlling stake in the Lakers in 2025.
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