Fraud investigator Tom Gober explains the $17 Billion insurance scandal of Mark Walter, Guggenheim and the Dodgers. Mark Walter is the previous owner of the LA Lakers and current owner of The Dodgers and is drawing worldwide attention for shady insurance practices tied to his own business.
Watch the Interview on Youtube for Visuals - https://youtu.be/iMFsoUeZdLI
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Chapters:
00:00 - Introduction to the Mark Walter Investigation
01:33 - Explanation of Affiliated Investments and Insurance Structure
05:28 - Concerns with Liquidity and Risk in Private Equity Ownership
07:38 - Regulation Standards for Affiliated Investments
12:06 - Offshore Reinsurance and the Use of Cayman Islands Accounts
14:25 - Greg Lindberg Case Study and Historical Context
18:06 - 2014 Complaint and the History of the Current Investigation
20:16 - Current Risk Analysis of Insurance Carriers
23:36 - Advice and Critical Information for Policyholders
25:24 - Future Predictions and Potential Liquidity Stress Events
26:24 - Closing Remarks and the Value of Mutual Insurance Companies
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*This video is for entertainment purposes only and is not financial or legal advice.
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