Baker Mayfield Is Suing His Own Dad For $12M+, Here’s Why

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Baker Mayfield is suing his father’s company for over $12 million, claiming they “transferred” that amount to themselves without authorization, or ability to repay.

According to Jonathon Greco of KOCO News, Mayfield, his wife, and their company believe that Mayfield’s father, James Mayfield, spent the money through various personal transactions.

The lawsuit was filed Nov. 22 in Austin, Texas.

From KOCO News:

The lawsuit says a collection of interconnected entities with common ownership transferred more than $12 million from Mayfield to themselves without authorization, proper documentation or adequate accounting of the transactions. The defendants then allegedly used the money however they desired, “including to fund acquisitions or to cover general operating expenses (such as to meet payroll obligations),” according to the lawsuit.

The companies involved on Baker’s behalf are Camwood Capital Management Group, LLC; Texas Contract Manufacturing Group, Inc.; Unitech Tool & Machine, Inc.; Apex Machining, Inc.; and Lor-Van Manufacturing, Inc.

This is a developing story. Check back for updates.

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Baker Mayfield Is Suing His Own Dad For $12M+, Here’s Why was originally published on ronewzakcleveland.staging.go.ione.nyc