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Drew Brees sues former Saints teammate over bogus investment

this is a discussion within the Saints Community Forum; New Orleans Saints quarterback Drew Brees has sued a former teammate for allegedly advising him to invest $160,000 in tax credits that turned out to be bogus. A federal lawsuit filed Monday on Brees' behalf claims former Saints long snapper ...

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Old 06-10-2013, 05:59 PM   #1
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Drew Brees sues former Saints teammate over bogus investment

New Orleans Saints quarterback Drew Brees has sued a former teammate for allegedly advising him to invest $160,000 in tax credits that turned out to be bogus.

A federal lawsuit filed Monday on Brees' behalf claims 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.

Meanwhile, 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. Terms were confidential.

Several teammates and coaches sued Houser for allegedly advising them to invest roughly $2 million to buy nonexistent tax credits from a defunct movie studio.

A lawyer for Houser didn't immediately return a call seeking comment.

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Old 06-10-2013, 06:58 PM   #2
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Re: Drew Brees sues former Saints teammate over bogus investment

I think everybody either has or will sue Kevin Houser over those tax-credit investments!
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Old 06-10-2013, 07:24 PM   #3
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Re: Drew Brees sues former Saints teammate over bogus investment

Didn't Payton already get his settlement?
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Old 06-10-2013, 08:23 PM   #4
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Re: Drew Brees sues former Saints teammate over bogus investment

Let's get all of this out of the way.
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Old 06-10-2013, 08:29 PM   #5
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Re: Drew Brees sues former Saints teammate over bogus investment

that isn't any of my business, frankly.
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Old 06-11-2013, 12:18 AM   #6
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Re: Drew Brees sues former Saints teammate over bogus investment

Is it clear if Houser knowingly tried to rip his teammates off or did he get suckered by somebody else?
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Old 06-11-2013, 11:37 AM   #7
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Re: Drew Brees sues former Saints teammate over bogus investment

Originally Posted by Crusader View Post
Is it clear if Houser knowingly tried to rip his teammates off or did he get suckered by somebody else?
Not sure that matters?
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Old 06-11-2013, 07:36 PM   #8
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Re: Drew Brees sues former Saints teammate over bogus investment

Crazy stuff man.
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