Tampa Bay Buccaneers quarterback Baker Mayfield has filed a federal lawsuit against his father’s financial firm, Camwood Capital Management Group, seeking the return of nearly $12 million that was allegedly taken without his authorization. The lawsuit, filed in the U.S. District Court for the Western District of Texas, accuses the firm of transferring funds from Mayfield and his wife to a subsidiary without proper documentation or accounting. Mayfield claims he received nothing in exchange for the funds that were allegedly used for acquisitions and operating expenses. When Mayfield confronted the company, they allegedly provided false explanations for their actions.
Camwood, owned by James Mayfield with involvement from Mayfield’s brother Matt, has not yet responded to the accusations. This story first appeared on NBCNews.com, and provides more details on the legal battle between the NFL star and his family-owned financial firm.
The lawsuit sheds light on the complex relationship between family members and business dealings, raising questions about trust and transparency in financial transactions. As Mayfield seeks to recover the allegedly misappropriated funds, the outcome of this legal battle remains uncertain. Stay tuned for more updates on this developing story.
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