Delaware Life Insurance Co. and Clear Spring Life & Annuity Co., both units of Group 1001, received grand jury subpoenas in February, the companies disclosed in a June 26 regulatory filing. Prosecutors in Manhattan are investigating whether the insurer failed to disclose that its private credit holdings supported other Walter-controlled enterprises, in a parallel investigation by the U.S. Securities and Exchange Commission. The subpoena follows a previous prosecution investigation launched last year into the $362 billion asset management arm of Guggenheim Partners, where Walter serves as chief executive. The FBI executed at least one search warrant in September to seize mobile phones, though it is unclear which part of the investigation the device belonged to.
Mark Walter’s underwriters face federal investigation over undisclosed related-party investments & more related News Here
