LeBron James LLC Linked to Fraud Investigation
LeBron James’ financial transactions involving a limited liability company control and bond borrowings are linked to his association with Mark Walter and Guggenheim Partners, which is under federal and SEC investigation for tax fraud. James borrowed $300 million in 2018 from insurers advised by Guggenheim, using future revenue streams tied to his non-NBA earnings, with the bonds due in 2049. Walter, who sold his Lakers stake earlier this month amid the investigation, had previously participated in transactions with James, including a 2022 bond purchase worth nearly $60 million.
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