Mark Walter's TWG Global Denies 'Fire Sale' and 'No Fraud' Amid Regulatory Probes

TWG Global, the holding company of billionaire financier Mark Walter, has refuted claims of a 'fire sale' of its assets and asserted that there has been 'no fraud' within its companies. This statement comes as U.S. prosecutors and the Securities and Exchange Commission (SEC) are investigating TWG and insurers controlled by Walter, which had previously disclosed misclassifying over $20 billion in investments linked to Walter's extensive empire. TWG affirmed its commitment to cooperating with the ongoing inquiries, emphasizing that no party has been harmed.