Dodgers owner Mark Walter faces twin federal investigations

Mark Walter, owner of the Los Angeles Dodgers, is involved in two active federal investigations concerning potential financial improprieties at insurance companies he controls. The investigations, led by the U.S. Attorney for the Southern District of New York and the SEC, focus on Delaware Life Insurance Co. and Clear Spring Life and Annuity Co., which manage approximately $85 billion in assets. Recent disclosures indicate a significant discrepancy in reported investments linked to Walter's businesses. Although no charges have been filed against Walter, the investigations are examining the connections between the insurers' loans and Walter's holdings.

• 6:18 PMYahoo Sports — From a gifted ring to twin federal investigations