Mark Walter's TWG Global blasts 'attacks,' insists 'no fraud' amid federal probe

Los Angeles Dodgers chairman Mark Walter during a press conference at Dodger Stadium in Los Angeles, March 25, 2026.Keith Birmingham | MediaNews Group | Pasadena Star-News | Getty ImagesMark Walter's TWG Global, in an extraordinary statement Wednesday morning, blasted what it called "multipronged attacks" against the holding company and its subsidiaries, and said "despite what has been reported, there has been no fraud" at those companies.TWG also said it "is not looking to sell its sports assets at 'fire sale' prices to raise capital for its insurance operations." The statement came amid a flurry of media reports about Walter's empire and federal criminal and civil investigations into the accounting for billions of dollars of financial transactions between two of his insurers and companies controlled by the Los Angeles Dodgers owner.The comments are the most detailed and strongest by TWG since the probes into the insurers gained renewed attention after Walters said he would sell his majority stake in the Los Angeles Lakers earlier in August, less than a year after buying the team."TWG and the Group 1001 insurance companies have presented a plan to address any regulatory concerns,"...