Dodgers and Lakers owner Mark Walters financial empire is reportedly under federal investigation [WsqnDFATB05]
Dodgers and Lakers owner Mark Walter's financial empire is reportedly under federal investigation. Authorities are examining whether about $16 billion in loans, made through two Delaware insurance companies, were properly disclosed as required. The loans were allegedly made to companies tied to Walter or his holding company TWG Global, raising questions about potential conflicts of interest. Walter's spokesperson says he has always acted in good faith, is cooperating with investigators, and is confident the matter will be worked out. There is no indication the investigation will affect day-to-day operations of the Dodgers or Lakers. #Dodgers #Lakers #MarkWalter #MLB #NBA