08-17-2026, 07:29 AM
Federal prosecutors digging into Mark Walter’s business empire are focused on four entities that served as intermediaries between insurance companies he controlled and businesses that he also controlled, according to people familiar with the matter. Prosecutors and the Securities and Exchange Commission are investigating whether Walter, the chief executive of Guggenheim Partners, who owns the Los Angeles Dodgers and various other businesses, or his companies committed fraud by concealing financial connections while borrowing billions of dollars from insurers he controls. The main entities investigators have narrowed in on, the people said, are ABS Capital, a Miami outfit founded by two former Guggenheim executives; Amistad Financial, an investment company that owns Equi Trust, a life insurer once controlled by Guggenheim and Walter; Bradford Allen, a Chicago-based commercial real-estate broker with long ties to Guggenheim; and Hudson Trading, another Chicago firm. Selling the Lakers freed up other assets and collateral that Walter had pledged to finance the team purchase last year, which might help the insurance remediation move more quickly, The Wall Street Journal reported. The surprise offer wasn’t part of the initial plan to become compliant with regulators, and the group continues to look for other fundraising options.
Wall Street Journal
Wall Street Journal