Federal investigators reportedly seized billionaire Mark Walter’s telephone and laptop computer final yr as a part of a probe into companies inside his monetary empire, months earlier than his settlement to promote the Los Angeles Lakers for $12.5 billion.
In line with the Monetary Instances, FBI brokers seized Walter’s gadgets in September. Guggenheim Investments President Dina DiLorenzo reportedly had her telephone taken the identical day.
The seizures counsel investigators have been analyzing greater than Walter-controlled insurance coverage corporations, with scrutiny additionally reaching Guggenheim Investments.
Prosecutors have reportedly centered on the corporate’s accounting for income linked to its personal investments enterprise.
Neither Walter nor DiLorenzo has been charged with wrongdoing, and the present standing of the investigation stays unclear.
Guggenheim advised the Monetary Instances that auditors “have issued unqualified opinions” relating to the 2024 and 2025 consolidated monetary statements of a subsidiary that owns Guggenheim Non-public Investments.
The investigation comes as Walter prepares to promote the Lakers to a gaggle led by Josh Kushner and Bob Iger.
The file $12.5 billion transaction was introduced Wednesday, lower than a yr after Walter took majority management of the franchise.
In line with the report, the Lakers themselves have little vital publicity to Walter’s insurance coverage companies.
Nevertheless, proceeds from the sale may probably assist TWG repay some affiliate loans owed to the insurers.
Walter and Guggenheim have confronted regulatory scrutiny earlier than.
In 2015, Guggenheim Companions Funding Administration paid $20 million to settle SEC fees involving disclosure and compliance points.
A separate SEC investigation reported in 2018 ended the next yr with out a penalty.
FBI seized telephones from billionaire, prime deputy earlier than $12.5B Lakers sale to Josh Kushner, Bob Iger: report https://t.co/CQ3t8sye8m pic.twitter.com/IxRoxXr1VX
— New York Submit (@nypost) August 14, 2026
