58 Days
Source:
New York Post
Dodgers and Lakers owner involved in $16B loan probe
U.S. prosecutors and the SEC are investigating billionaire sports owner Mark Walter over allegations that approximately $16 billion in loans for his company, TWG Global, were funneled through a third party before ending up in his insurance companies’ accounts. The investigation follows a whistleblower within Walter’s company and focuses on potential fraud related to these transactions. Walter’s company denies any wrongdoing and is cooperating with authorities.
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