@blackvinenews: Magic Johnson's name is now in the middle of a $1.26 billion money story 👀 Bloomberg reports that Amistad Financial Group, an insurance company where Magic Johnson is a minority shareholder and board member, lent about $1.26 billion directly to companies tied to his longtime business partner Mark Walter between March and June. 🔹 Amistad subsidiaries EquiTrust and Heritage Life also sent about $1.06 billion to intermediaries, per Bloomberg 🔹 Walter is under DOJ and SEC investigation over more than $20 billion in undisclosed loans 🔹 There is no indication Magic took part in or knew about the lending decisions, and he is not on Amistad's 3-person executive committee 🔹 Magic and Walter have been partners since buying the Dodgers for $2.15 billion in 2012, then the Sparks in 2014 Should Magic step away from the board until this is cleared up? 👇 Share this with the friend who always says "follow the money" 💰 📸 Photo: Kevork Djansezian/Getty Images Source: theGrio, Bloomberg #BlackVineNews #MagicJohnson #BlackBusiness #Dodgers #Finance

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