Mark Walter's TWG Global says there's 'no fraud' amid probe of insurers' disclosures

The empire of billionaire Los Angeles Dodgers owner Mark Walter has faced media scrutiny since he said he would sell his majority share of the LA Lakers.

Mark Walter continues to signal he has no intention to sell the Dodgers.

As reports and rumors continue to swirl around Dodgers owner Mark Walter amid his shocking sale of the Lakers this month and an ongoing federal investigation into potential improprieties in his business empire, the billionaire’s holding company released a defiant statement on Wednesday defending its business practices,

Walter is currently under investigation by the federal government for potential loan fraud

TWG Global hits out at ‘multipronged attacks’ on investment empire, which has stakes in high-profile sports teams

Stan Kasten, a member of the PWHL's advisory board, confirmed the governance of the 12-team league would remain stable even as co-founder Mark Walter appears to be selling off pieces of his sports empire amid U.S. federal investigations into loans between his insurance companies and businesses with ties to Walter.

The recent sale of the Los Angeles Lakers has prompted speculation that other Walter-owned sports properties may be next.

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