US probe on Mark Walter focused on four intermediaries, WSJ says
Prosecutors and the SEC are looking into whether Walter or the businesses he controls committed fraud by concealing financial connections while borrowing billions from the insurers.
Federal investigators are focusing on four intermediaries related to Mark Walter's insurance companies' loans, according to a report by the Wall Street Journal. The entities under scrutiny include Miami-based ABS Capital, investment firm Amistad Financial, commercial real estate broker Bradford Allen, and Hudson Trading. The investigation is being conducted by the Securities and Exchange Commission and federal prosecutors, who are probing whether Walter or his business empire committed fraud by concealing financial connections during the borrowing process.
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