Chicago brokerage caught up in federal probe of Dodgers owner Mark Walter
Federal prosecutors are circling four businesses controlled by Mark Walter, the billionaire owner of the Los Angeles Dodgers, which includes the Chicago-based Bradford Allen commercial real estate brokerage and Chicago’s Hudson Trading. Bradford Allen has been tied to investment firm Guggenheim Partners, where Walter is CEO, for years. The brokerage is now a part of a U.S. Securities and Exchange Commission probe into Walter to investigate whether he or his companies committed fraud by concealing financial ties while they borrowed billions from insurers he controlled, according to the Wall Street Journal. Insurers can lend to companies that they’re affiliated with, […]
Federal prosecutors are circling four businesses controlled by Mark Walter, the billionaire owner of the Los Angeles Dodgers, which includes the Chicago-based Bradford Allen commercial real estate brokerage and Chicago’s Hudson Trading. Bradford Allen has been tied to investment firm Guggenheim Partners, where Walter is CEO, for years. The brokerage is now a part of a U.S. Securities and Exchange Commission probe into Walter to investigate whether he or his companies committed fraud by concealing financial ties while they borrowed billions from insurers he controlled, according to the Wall Street Journal. Insurers can lend to companies that they’re affiliated with, […]
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