The principal owner of the Los Angeles Dodgers, who also holds a stake in the Los Angeles Lakers, has been named in a sweeping federal investigation into an alleged $16 billion loan fraud scheme, the New York Post reported on July 28, 2026.
According to the report, federal investigators claim the massive scheme involved falsified information used to secure government-backed loans. Authorities did not immediately specify the exact role they believe the sports executive played in the operation, and no charges had been filed at the time of publication.
The Post said law-enforcement officials are reviewing financial records connected to several business entities linked to the owner. Representatives for both the Dodgers and the Lakers did not respond to requests for comment cited in the article.
Details of the investigation remain under seal, and the Justice Department declined to comment when contacted by the newspaper. Additional information is expected to emerge as the probe continues.
Source: New York Post
