Baker Mayfield asks court if family’s firm misused his $12 million
Baker Mayfield and his wife Emily have filed a court petition in Texas to see if $12 million placed with an investment firm where the Buccaneers quarterback’s family members work was misappropriated.
The petition was filed Tuesday in Travis County District Court, asking defendants Camwood Ventures, Camwood Capital Management Group, Texas Contract Manufacturing Group, Unitech, Apex Machining, and Lor-Van to provide financial records from 2018-2023 to show where the Mayfields’ money has gone in the last five years, according to NBC affiliate KXAN.
Baker Mayfield’s father, James, and brother, Matt, work for the investment firm, according to the Austin American-Statesman.
“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.
“Petitioners have been unable to account for, or obtain information about, the current location and/or status of those funds.”
Texas Contract Manufacturing Group is a subsidiary of Camwood Capital Management Group, while Apex, Unitech and Lor-Van are subsidiaries of the Texas Contract Manufacturing Group, the filing says.
“A substantial sum of Petitioners’ assets were transferred out of Petitioners’ personal accounts to TCMG, potentially at the direction and supervision of Camwood Group and/or Camwood Ventures, and were used by TCMG to fund certain investments, make certain acquisitions, or to fund certain loans,” the petition claims.
The court filing is not a lawsuit, and it said that it is too soon to know if it will become one.
“It is too early to know whether a suit is likely or even anticipated,” the petition said.
“At this time, Petitioners have been deprived the information and documents needed to analyze whether their assets have been misappropriated.”
Mayfield is likely to beat out Kyle Trask for the Bucs’ opening-week starting job, according to longtime team reporter Ira Kaufman.
Mayfield has earned about $48 million in his five-year NFL career, according to Over the Cap, and he is slated to make $4 million on his one-year deal with the Bucs.
