Mark Walter's record $12.5 billion sale of the Los Angeles Lakers to Josh Kushner and Bob Iger has sparked conspiracy theories linking the timing of the deal to a federal fraud investigation into Walter and to Kushner's failed bid to buy part of FIFA. Manhattan federal prosecutors and the SEC (U.S. securities regulator) are examining potential fraud in private-credit (loans made outside traditional banks) transactions involving insurance-company loans tied to Walter that were routed through a third party to companies linked to him or TWG Global; Delaware Life reclassified about $16 billion in investments as affiliated from $1 billion, Clear Spring reclassified $4.6 billion in loans, and both insurers received subpoenas. Kushner's FIFA plan, led by Thrive, would have put the nonprofit's commercial business into a subsidiary partly owned by private investors, but it ran into resistance from the Union of European Football Associations and CONCACAF (soccer body for North America, Central America and the Caribbean), as well as FIFA executives, while Trump publicly warned against removing Gianni Infantino; Walter is not planning to sell the Dodgers, the Los Angeles Times reported.