A major newspaper recently reported that Los Angeles Dodgers owner Mark Walter, who also owns the Los Angeles Lakers, among other teams, is the subject of a federal probe into financial dealings.
The Wall Street Journal recently broke a pair of stories about Walter, the first involving a probe into Walter’s insurance companies reportedly prompted by a whistleblower and the second about the stroke Walter suffered during the 2024 World Series.
Walter seems to have recovered from the stroke — he recently appeared alongside the 2025 team that was celebrating the World Series title in Washington, D.C. — but the probe remains murkier.
Despite that, Josh Peter of USA Today spoke to several prominent Dodgers fans, including one intimately involved with a prior struggle over team ownership, and it doesn’t seem anyone is raising the alarms.
Transactions under investigation
Per the WSJ, the investigation is looking into how Walter and his conglomerate, TWG Global, allegedly “wound up on the books of insurance companies he owns after passing through a third entity,” wrote reporters Margot Patrick, Justin Baer, Andrew Beaton and Dave Michaels.
“The authorities are trying to determine whether the activity constituted fraud,” a source told the Journal.
In a statement to the Journal, a spokesperson for TWG Global said that “Mark Walter and TWG have always acted in good faith, and those who have done business with Mark know him as honest and straightforward. Nothing about these transactions was any different.”
The statement added that TWG is cooperating with authorities and that “we are confident these matters will be resolved favorably.”
What’s next
It’s unclear what might happen with this investigation.
It seems at least some transactions have been reclassified, as the Journal indicates, but that’s being presented as the correction of unintentional errors.
And as to how that affects the Dodgers, Walter’s purchase of the team was investigated by “a number of state insurance regulators” in 2014, and they “found no irregularities,” reports Laurence Darmiento of the Los Angeles Times, citing a Journal report from 2020.
The Times also indicated that the existence of an investigation does not necessarily mean anything further is coming.
“Investigations conducted by prosecutors and securities regulators often result in no action,” Darmiento wrote.
