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News
Mark Walter’s TWG is working with regulators, says ‘no fraud’
2+ week, 4+ day ago (549+ words) By Arasu Kannagi Basil Aug 26 (Reuters) – Billionaire Mark Walter’s holding company, TWG Global, is working with U.S. regulators to address concerns over related-party investments on the books of his insurance companies, the firm said in a statement on Wednesday,…...
LeBron James-controlled company borrowed almost $300 million from Midwestern life insurers advised by Mark Walter-led Guggenheim
2+ week, 5+ day ago (146+ words) Yahoo Sports - LeBron James-controlled company borrowed almost $300 million from Midwestern life insurers advised by Mark Walter-led Guggenheim When LeBron James signed up to lead the Los Angeles Lakers to NBA glory with a $154 million contract in 2018, it wasn't the biggest…...
Mark Walter???s sports empire offers a glimpse of the money machine behind private credit???and the plumbing keeping it together
3+ week, 1+ day ago (211+ words) Mark Walter’s sports empire made him one of the most recognizable owners in American sports. His financial empire was considerably less visible, even though it was hiding in plain sight. But recent developments now have the business mogul facing scrutiny…...
Dodgers owner Mark Walter’s insurer to cut $6.5 billion in investments amid probe
3+ week, 5+ day ago (339+ words) Aug 18 (Reuters) – Mark Walter’s Delaware Life Insurance Co is set to cut as much as $6.5 billion in investments in his businesses after facing regulatory heat over the billionaire’s financial dealings, a holding company of Los Angeles Dodgers owner said on…...
Dodgers Owner Mark Walter's Insurer Will Shed $6.5 Billion in Self-Dealing
3+ week, 5+ day ago (361+ words) Mark Walter's insurance empire is unwinding $6.5 billion in bets on his own businesses, the clearest sign yet that a federal probe into the Dodgers owner is beginning to bite. Mark Walter built one of the biggest fortunes in American sports…...