Guggenheim accused of siphoning annuity unit's cash for LA Dodgers

NEW YORK (Reuters) - Guggenheim Partners, overseen by billionaire Mark Walter, is facing a lawsuit claiming it defrauded annuity investors by saddling an insurance affiliate with risky assets, and siphoning cash for purposes including Walter's purchase of the Los Angeles Dodgers baseball team.

from Reuters: U.S. https://ift.tt/2tNWj68