New Orleans Saints quarterback Drew Brees is suing a jeweler who allegedly misled him on the value of jewelry he brought from him.
According to TMZ Sports:
The New Orleans Saints QB has filed a lawsuit against Vahid Moradi — who runs the CJ Charles jewelry shop in San Diego, the city where Brees began his NFL career. Brees claims he’s been buying jewelry from Moradi for years — and has dropped roughly $15 MILLION on some insane pieces … including watches, earrings and rings.
In his suit filed Monday … Brees says Moradi had insisted his jewelry was a solid investment that would definitely go up in value over the years — and feels he was lied to the entire time. Brees claims the biggest hit he took was on a 4.09 carat blue diamond ring he bought in 2015 for $8.18 million … which recently appraised for only $3.75 million.
Eric M. George, who represents Moradi, said the following regarding Brees’ lawsuit, per TMZ Sports:
“Drew Brees aggressively purchased multi-million dollar pieces of jewelry. Years later, claiming to suffer ‘cash flow problems,’ he tried to bully my client into undoing the transactions.”
“Mr. Brees’s behavior and his belief that he was wronged because the jewelry did not appreciate in value as quickly as he hoped both demonstrate a lack of integrity and contradict basic principles of both economics and the law.”
“He should restrict his game-playing to the football field, and refrain from bullying honest, hard-working businessmen like my client.”
Brees is seeking at least $9 million in damages.