Walter’s Insurance CEO Told DOJ He Was Unaware of Boss’s Loans

AI Summary

The head of Mark Walter’s insurance companies told authorities he did not know the firms had made more than $20 billion in loans to Walter’s other businesses. The account, attributed to people familiar with the matter, concerns scrutiny by the US Department of Justice.

The head of Mark Walter’s insurance companies told authorities he was unaware that the firms had loaned more than $20 billion to the sports mogul’s other businesses, according to people with knowledge of the matter.