Storyline
Mark Walter payroll fraud allegations
One page that accretes the verified record as the story develops. Every fact keeps its date and its sources.
2 DAYS
22 FACTS
2 EVENTS
2 SOURCES
FIRST ENTRY AUG 28
AUG 29 · Day 2
Mark Walter's insurer Delaware Life sees two banks pause sale of its products amid probes
The U.S. Attorney's Office in Manhattan and the Securities and Exchange Commission are investigating Delaware Life and Clear Spring.
Delaware Life and Clear Spring received grand jury subpoenas in February in connection with the probes.
Truist Financial Corp. and Fifth Third Bancorp paused selling products of Delaware Life.
AUG 28 · Day 1
Dodgers owner Mark Walter denies payroll fraud reports
Mark Walter is the principal owner of the Los Angeles Dodgers.
TWG stated there has been no fraud.
Walter's organizations are alleged to have not accurately described the scale and scope of those loans.