Inside Dodgers Owner Mark Walter’s Billion-Dollar Insurance Scandal

On this episode of Sources Tell Jeff Passan, Jeff is joined by financial fraud expert and whistleblower Tom Gober for a deep dive into the complicated financial web surrounding Dodgers owner Mark Walter, Guggenheim, and the insurance companies connected to the purchase and operation of the Los Angeles Dodgers.

How were insurance companies used to help finance the purchase of the Dodgers? Why do Mark Walter’s insurance companies own the Dodgers’ television contract? And how did a franchise that emerged from bankruptcy become a multibillion-dollar powerhouse?

Gober breaks down how potential financial-crime cases are built, when affiliated investments begin raising regulatory concerns, the role of the NAIC, and how reinsurance factors into the Dodgers’ financial structure. Plus, the red flag settlement from 2012, where the profits ultimately go, the biggest potential concern for Walter’s lawyers, and who could ultimately be held responsible.

TIMECODES:

0:00 Welcome to Sources Tell Jeff Passan

0:25 Dodgers Owner Mark Walter's Billion-Dollar Insurance Scandal

4:25 Tom Gober Joins Sources Tell Jeff Passan

5:35 How Mark Walter Used Insurance Companies To Buy The Dodgers

7:12 How Cases Are Built With Potential Financial Crimes

8:55 The Complicated Web Of Guggenheim's Holdings

11:03 When Affiliated Investments Become Problematic

12:45 Investment Threshold That Causes The NAIC To Start Asking Questions