Drew Brees Sues Ex-Teammate Over Bogus Tax Credit Investment
New Orleans Saints Quarterback Drew Brees has filled a federal lawsuit against a former teammate alleging he misguided him in a $160,000 investment.
Bree's legal team filled federal lawsuit Monday, on Brees' behalf, which claims the former Saints long snapper Kevin Houser mishandled the star quarterback's money and failed to disclose his own financial interests in the investments he was promoting.
Brees isn't the only player in the Saints organization to allegedly have been misguided by Houser. Former New Orleans Saints tight end Jeremy Shockey and former Saints defensive coordinator Gary Gibbs reached separate settlements Monday with Houser over the same bogus investment deal, which involved tax credits. Saints Head Coach, Sean Payton, was also duped by Houser and reached an agreement with him last month.
According to an NFL report, Brees' attorney attempted to settle this ongoing dispute with Houser out-of-court, but Houser and his legal team failed to cooperate.