[PERSON_NAME], longtime lieutenant of billionaire [PERSON_NAME], played a central role in structuring complex financial transactions within Walter's TWG Global conglomerate that are now under federal investigation, according to people familiar with the matter. Federal prosecutors and the Securities and Exchange Commission are examining loans made by [PERSON_NAME]-controlled insurers Delaware Life and Clear Spring Life & Annuity that ultimately funded other [PERSON_NAME] entities, probing whether connections were properly disclosed. [PERSON_NAME], who has worked across three [PERSON_NAME] businesses over 18 years, served as a key conduit between four intermediary firms — ABS Capital, Amistad Financial, [PERSON_NAME], and Hudson Trading — and the insurance and borrowing sides of the deals. Internal reviews found approximately $20 billion in private-credit deals were not properly disclosed as affiliated loans.

TWG Global has stated it acted in good faith and is now racing to reduce affiliated loan exposure, recently announcing a $6.5 billion swap of unaffiliated assets. The fallout has impacted related entities including Guggenheim Partners, Sammons, and [PERSON_NAME]. [PERSON_NAME] is also divesting sports assets, including his [ADDRESS] Lakers stake and potential sale of Chelsea Football Club. [PERSON_NAME] did not respond to requests for comment.