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
Truist Financial Corp. and Fifth Third Bancorp paused selling products of Delaware Life.
Delaware Life revised the share of its total invested assets classified as affiliated with other Walter companies from 3% to 42%.
Fifth Third Bancorp only began doing business with Delaware Life in April.
AUG 28 · Day 1
Dodgers owner Mark Walter denies payroll fraud reports
TWG stated there has been no fraud.
TWG stated the Dodgers have the highest revenue in baseball and it significantly exceeds the team's obligations to its players.
Walter is alleged to have used investment funds to make loans directly to other businesses.