Baker Mayfield is Suing His Dad for Stealing $12 Million From Him
Baker Mayfield, the Tampa Bay Buccaneers quarterback, has filed a lawsuit against his father James Mayfield’s company, Camwood Capital Management Group, for the alleged misappropriation of over $12 million. The suit involves several entities owned or managed by his father and brother, claiming that funds were improperly transferred without Baker’s authorization. These funds, routed through […] The post Baker Mayfield is Suing His Dad for Stealing $12 Million From Him appeared first on BlackSportsOnline.
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Baker Mayfield, the Tampa Bay Buccaneers quarterback, has filed a lawsuit against his father James Mayfield’s company, Camwood Capital Management Group, for the alleged misappropriation of over $12 million. The suit involves several entities owned or managed by his father and brother, claiming that funds were improperly transferred without Baker’s authorization. These funds, routed through various entities, were reportedly used to cover operational expenses or fund acquisitions, which Mayfield asserts breached a prior settlement agreement.
The legal dispute initially began in 2023 when Mayfield and his wife Emily sought financial records to clarify the management of their assets. A settlement in early 2024 required Camwood to repay nearly $11.7 million with interest and provide access to financial records, but none of these conditions were met, leading to the current lawsuit. Baker is now seeking repayment, interest, legal fees, and other damages deemed appropriate by the court.
The case also targeted other firms, including Camwood Ventures and several manufacturing companies tied to the Mayfield family. Mayfield claimed these funds were used for unauthorized business ventures and expenses, breaching trust between him and his father’s firm.
In January 2024, a settlement agreement required the defendants to repay $11.7 million and provide transparency into financial records, but the obligations were not met, prompting further legal action
The post Baker Mayfield is Suing His Dad for Stealing $12 Million From Him appeared first on BlackSportsOnline.
