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Walter’s Insurance CEO Told DOJ He Was Unaware of Boss’s Loans
Source: Bloomberg
Management & GovernanceBanking & LiquidityLegal & Litigation
The head of Mark Walter’s insurance companies told authorities he was unaware the firms had loaned more than $20 billion to the sports mogul’s other businesses, according to people familiar with the matter. The report raises questions about oversight of the lending, but does not establish whether the loans were improper.
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