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
FBI agents seized Mark Walter's phone and computer aboard a private plane in Chicago in September pursuant to a warrant.
Mark Walter agreed to sell his majority stake in the Los Angeles Lakers less than a year after buying the team.
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
TWG stated the Dodgers have the highest revenue in baseball and it significantly exceeds the team's obligations to its players.
TWG Global issued a statement addressing and denying fraud allegations.
TWG stated there is no victim and no one has claimed to have been harmed.