The CEO of the Academy Group, a charity backed by Los Angeles Dodgers owner Mark Walter, has resigned following a significant shift in the organization’s funding. The charity is now set to receive its primary financial support from an entity that is itself under scrutiny as part of an investigation into Walter’s insurance lending practices. While the Academy Group maintains that this funding redirection was part of their long-term strategy, the timing and nature of the funding source have raised serious questions, leading to the abrupt departure of its chief executive.
Adapted from: WSJ.com: Markets
