Mark Walter, CEO of Guggenheim Partners and owner of the Los Angeles Dodgers, is under federal investigation for potentially concealing billions of dollars in related-party transactions at insurance companies under his control. Prosecutors from the Southern District of New York, working with the SEC, issued grand jury subpoenas in February 2026, triggering a major revision of investment disclosures. At Delaware Life Insurance Company, affiliated exposure jumped from roughly 3% to 42% of its portfolio after the internal review. Rating agencies S&P Global Ratings and Fitch downgraded their outlook on Delaware Life due to high levels of reclassified exposure. No criminal charges have been filed at this stage.
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