The Investigation Shaking a Sports Mogul’s Empire

Mark Walter pioneered how insurance companies invest policyholders’ payments. His deal-making spawned a lucrative investment empire spanning insurance, financial services and technology, and even some of the world’s most glamorous sports franchises. But now, that empire is under scrutiny.

US prosecutors and regulators are investigating whether two insurers Walter controls properly disclosed $20 billion in loans to other businesses he controls.

Mark Walter’s Insurers Ramped Up Borrowing From Home Loan Bank to $6 Billion: https://bloom.bg/3SU9Jwc

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#Business #Investigation #Sports

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