Thanksgiving may be a bit tense at the Mayfield residence this year.
Tampa Bay Buccaneers QB Baker Mayfield has filed a federal lawsuit against the financial company owned by his father, James Mayfield. The company is Camwood Capital Management Group, and Mayfield is suing them for $11.7 million.
The lawsuit, which was filed on Nov. 22, alleges that Camwood Capital failed to pay back a sum of $11,741,000.00, plus interest, after taking $12.2 million from the personal account of Mayfield and his wife, Emily, between 2018-2021. The money that was taken from the account was done “without authorization, proper documentation, or adequate accounting of the transactions,” according to the lawsuit.
This lawsuit is not about proving that Camwood Capital took more than $12 million from Baker and Emily Mayfield. After the alleged theft was discovered and an investigation conducted — during which the company allegedly lied to cover up the theft — both parties entered into a settlement agreement on Jan. 23, 2024, in which Camwood Capital acknowledged it transferred the money from Mayfield’s account to its own.
In the settlement, Camwood Capital also agreed to a repayment plan that would start in Sept. 2024, as well as free loan refinancing and full access to the company’s books.
According to the lawsuit, Camwood Capital has allegedly done nothing since then, breaching the settlement agreement and leaving Mayfield no choice but to sue.
“It is now clear that Defendants had no intention of making Plaintiffs whole when they entered into the Settlement Agreement,” the lawsuit states. “To date, Camwood Capital has not repaid even one dollar under the Settlement Agreement, Defendants have failed to refinance their existing loan, and Defendants have not provided Plaintiffs with access to their books and records.”
While the company is owned by James Mayfield, and Mayfield’s brother, Matt, has a stake in it, neither were named as defendants in the lawsuit. They were listed only as employees of the company.
