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Carvana (CVNA) shares have plunged amid Mark Walter’s growing liquidity crisis after TWG Global’s USD 2bln stake in CVNA, however, newly obtained Delaware filings show essentially the entire stake is already pledged to Citigroup, reports Hunterbrook

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Carvana shares fell as reports revealed Mark Walter's $2B stake is pledged to Citigroup, coinciding with a federal probe into $20B of related-party loans within his insurance empire.

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Hunterbrook is long CVNA.

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