Baker Mayfield Starts A Legal Battle Against Family Investment Firm Over Unaccounted $12M

Attorneys for Baker Mayfield and his wife Emily submitted a petition to a Texas court on Tuesday asking for details on a possible $12 million financial fraud at an investment business where many members of the Mayfield family are employed.

Baker Mayfield Starts A Legal Battle Against Family Investment Firm Over Unaccounted $12M

The petition requests financial data from 2018 from the Travis County District Court and lists many defendants, including Camwood Capital Management Group, Camwood Ventures, Texas Contract Manufacturing Group, Unitech, Apex Machining, and Lor-Van.

The business is charged in Mayfield’s complaint of stealing $12 million.

“I’ll say this. It’s been a long time coming for that. I’m not going to comment on any details but, yeah, I’ve been dealing with that stuff for years now,” Mayfield said, according to Pro Football Talk, when asked if his pending investigation will be a distraction.

“So, mentally I’m in a much better head space. So, yeah, we’re ready to roll.”

Although the petition is not a lawsuit, it may be the first step toward one in this conflict between relatives. In the 2018 NFL Draft, Mayfield was selected first overall by the Cleveland Browns, who offered him a 4-year rookie deal with a $32 million guaranteed salary.

This summer, Tampa Bay signed Mayfield to a one-year deal worth $4 million with potential incentives worth up to $4.5 million. The 28-year-old’s marketing agreements with Progressive, Hulu, and the CBD firm Beam are among his off-field sponsorships.

According to the Austin American-Statesman, Mayfield’s father, James, and brother, Matt, also work for the investing company.

“From January 2018 through the present, more than $12 million was transferred from Petitioners’ personal account(s) and routed through various entities and investments,” the court filing claims.

It should be noted that this is not, at least not yet, a lawsuit. Instead, it marks the start of an inquiry.

The lawsuit states that “at this time, Petitioners have been denied the information and documents necessary to assess whether their assets have been misappropriated.”

Mayfield was the No. 1 pick overall in the 2018 NFL Draft and has earned more than $48 million during his first five years in the league.

 

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