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Last year was a busy one for Mark Walter. Not only did he buy a majority ownership in the Los Angeles Lakers, he also became the subject of a federal investigation into whether his companies, including several insurance firms, properly characterized billions of dollars in ******* ets.
A year later, he announced plans to sell his stake in the Lakers, but the investigation continues — and is raising questions about the investment strategies of the insurance industry as a whole.
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#investigation #walter #angeles #jeff
11 hours ago

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