{"id":433684,"date":"2023-08-23T17:09:03","date_gmt":"2023-08-23T17:09:03","guid":{"rendered":"https:\/\/yebscore.com\/news\/?p=433684"},"modified":"2023-08-23T17:09:03","modified_gmt":"2023-08-23T17:09:03","slug":"baker-mayfield-starts-a-legal-battle-against-family-investment-firm-over-unaccounted-12m","status":"publish","type":"post","link":"https:\/\/yebscore.com\/news\/baker-mayfield-starts-a-legal-battle-against-family-investment-firm-over-unaccounted-12m\/","title":{"rendered":"Baker Mayfield Starts A Legal Battle Against Family Investment Firm Over Unaccounted $12M"},"content":{"rendered":"<p>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.<\/p>\n<h2>Baker Mayfield Starts A Legal Battle Against Family Investment Firm Over Unaccounted $12M<\/h2>\n<p>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.<\/p>\n<p>The business is charged in Mayfield&#8217;s complaint of stealing $12 million.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Speaking publicly for the first time since filing a court petition over potential misuse of funds by an investment firm his family members work at, Baker Mayfield said legal action has \u201cbeen a long time coming.\u201d <a href=\"https:\/\/t.co\/hrbYLy31Pv\">pic.twitter.com\/hrbYLy31Pv<\/a><\/p>\n<p>&mdash; JennaLaineESPN (@JennaLaineESPN) <a href=\"https:\/\/twitter.com\/JennaLaineESPN\/status\/1694029186522866028?ref_src=twsrc%5Etfw\">August 22, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u201cI\u2019ll say this. It\u2019s been a long time coming for that. I\u2019m not going to comment on any details but, yeah, I\u2019ve been dealing with that stuff for years now,\u201d Mayfield said, according to Pro Football Talk, when asked if his pending investigation will be a distraction.<\/p>\n<p>\u201cSo, mentally I\u2019m in a much better head space. So, yeah, we\u2019re ready to roll.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Report: <a href=\"https:\/\/twitter.com\/hashtag\/Bucs?src=hash&amp;ref_src=twsrc%5Etfw\">#Bucs<\/a> QB Baker Mayfield and his wife filed a petition about an alleged misuse of $12 million of their money by an investment firm where Mayfield\u2019s family members work, per <a href=\"https:\/\/twitter.com\/KXAN_News?ref_src=twsrc%5Etfw\">@KXAN_News<\/a> <\/p>\n<p>It\u2019s a demand for financial records from 2018 to 2023 (Mayfield\u2019s years in the NFL)\u2026 <a href=\"https:\/\/t.co\/jfoMp3u8eg\">pic.twitter.com\/jfoMp3u8eg<\/a><\/p>\n<p>&mdash; Dov Kleiman (@NFL_DovKleiman) <a href=\"https:\/\/twitter.com\/NFL_DovKleiman\/status\/1692963277498679532?ref_src=twsrc%5Etfw\">August 19, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>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.<\/p>\n<p>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&#8217;s marketing agreements with Progressive, Hulu, and the CBD firm Beam are among his off-field sponsorships.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Baker Mayfield asks court to see if his family\u2019s investment firm misused his $12 million <a href=\"https:\/\/t.co\/yLHCs6gAUN\">https:\/\/t.co\/yLHCs6gAUN<\/a> <a href=\"https:\/\/t.co\/m0elwEhUdg\">pic.twitter.com\/m0elwEhUdg<\/a><\/p>\n<p>&mdash; New York Post (@nypost) <a href=\"https:\/\/twitter.com\/nypost\/status\/1692931763838833112?ref_src=twsrc%5Etfw\">August 19, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the Austin American-Statesman, Mayfield&#8217;s father, James, and brother, Matt, also work for the investing company.<\/p>\n<p>\u201cFrom January 2018 through the present, more than $12 million was transferred from Petitioners\u2019 personal account(s) and routed through various entities and investments,\u201d the court filing claims.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Baker and Emily Mayfield filed a petition on Tuesday and are seeking information about the handling of $12 million by an investment firm. <\/p>\n<p>Baker&#39;s dad and brother work at that same firm \ud83d\ude33 <a href=\"https:\/\/t.co\/iRifceJUvm\">pic.twitter.com\/iRifceJUvm<\/a><\/p>\n<p>&mdash; NFL Notifications (@NFLNotify) <a href=\"https:\/\/twitter.com\/NFLNotify\/status\/1692936620390162802?ref_src=twsrc%5Etfw\">August 19, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>It should be noted that this is not, at least not yet, a lawsuit. Instead, it marks the start of an inquiry.<\/p>\n<p>The lawsuit states that &#8220;at this time, Petitioners have been denied the information and documents necessary to assess whether their assets have been misappropriated.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Baker Mayfield and his wife, Emily, filed a petition on Tuesday and is seeking information about the handling of $12 million by an investment firm <\/p>\n<p>The same firm that Baker\u2019s dad and brother work at. \ud83d\ude33 <a href=\"https:\/\/t.co\/aPP2IM3HSH\">pic.twitter.com\/aPP2IM3HSH<\/a><\/p>\n<p>&mdash; UFM TV\u2122\ufe0f (@UFMTV_) <a href=\"https:\/\/twitter.com\/UFMTV_\/status\/1692915015991410791?ref_src=twsrc%5Etfw\">August 19, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>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.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>FOR MORE SPORTS COVERAGE-\u00a0<\/strong><\/p>\n<p><a title=\"In Order To Stand Apart, Giants\u2019 Isaiah Hodgins Uses \u201cOther Gifts\u201d\" href=\"https:\/\/yebscore.com\/news\/in-order-to-stand-apart-giants-isaiah-hodgins-uses-other-gifts\/\" rel=\"bookmark\">In Order To Stand Apart, Giants\u2019 Isaiah Hodgins Uses \u201cOther Gifts\u201d<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":407462,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[1246,13894,13893,5187,2211],"class_list":["post-433684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nfl","tag-baker-mayfield","tag-baker-mayfield-investment-firm","tag-baker-mayfield-news","tag-nfl-2023","tag-nfl-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/posts\/433684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/comments?post=433684"}],"version-history":[{"count":0,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/posts\/433684\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/media\/407462"}],"wp:attachment":[{"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/media?parent=433684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/categories?post=433684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/tags?post=433684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}