Drew Brees suing over jewelry deals gone bad, TMZ reports - FOX 8, WVUE, fox8live.com, weather, app, news, saints

Drew Brees suing over jewelry deals gone bad, TMZ reports

Saints quarterback Drew Brees/FILE (Source: Mark LaGrange) Saints quarterback Drew Brees/FILE (Source: Mark LaGrange)
NEW ORLEANS (WVUE) -

New Orleans Saints quarterback Drew Brees claims he bought millions of dollars worth of jewelry from a San Diego businessman who was not entirely clear about the value, according to a report from TMZ.

Brees bought approximately $15 million worth of watches, earrings and rings, according to the report.

When the jewelry was appraised, he claims it was worth $9 million less than he paid.

Brees filed a lawsuit against the jeweler, Vahid Moradi, Monday. Moradi reportedly said the value of the jewelry would go up over the years.

But Brees feels like it was a lie, according to the report.

TMZ said one $8.18 million ring was only appraised at $3.75 million.

Brees is seeking $9 million in damages.

Moradi's attorney, Eric George, released this statement about the lawsuit:

"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."

Copyright 2018 WVUE. All rights reserved.

  • SportsMore>>

  • Pelicans primed to close out the Blazers Saturday

    Pelicans primed to close out the Blazers Saturday

    Anthony Davis racked up 28 points, 11 rebounds, and 2 blocks. Source: Nola.comAnthony Davis racked up 28 points, 11 rebounds, and 2 blocks. Source: Nola.com
    Anthony Davis racked up 28 points, 11 rebounds, and 2 blocks. Source: Nola.comAnthony Davis racked up 28 points, 11 rebounds, and 2 blocks. Source: Nola.com
    No play sums up the Pelicans absolute destruction of the Trail Blazers more then when Anthony Davis slammed the door, literally and figuratively, on the Blazers hopes. Now the Pels leading 3 games to none on the Blazers. "We knew they were going to come in and play desperate. We just tried to match that desperation, honestly, and play more desperate. They came out early and made some shots, but we were able to counter them and start playing a little bit of defense and were ...more>>
    No play sums up the Pelicans absolute destruction of the Trail Blazers more then when Anthony Davis slammed the door, literally and figuratively, on the Blazers hopes. Now the Pels leading 3 games to none on the Blazers. "We knew they were going to come in and play desperate. We just tried to match that desperation, honestly, and play more desperate. They came out early and made some shots, but we were able to counter them and start playing a little bit of defense and were ...more>>
  • South Carolina shocks LSU in 11-0 shutout loss for Tigers

    South Carolina shocks LSU in 11-0 shutout loss for Tigers

    Friday, April 20 2018 10:21 PM EDT2018-04-21 02:21:49 GMT
    Paul Mainieri (Source: WAFB)Paul Mainieri (Source: WAFB)
    Paul Mainieri (Source: WAFB)Paul Mainieri (Source: WAFB)

    LSU suffered a second straight damaging road loss Friday night as Zack Hess and the Tigers fell 11-0 in Game 1 to the Gamecocks.

    more>>

    LSU suffered a second straight damaging road loss Friday night as Zack Hess and the Tigers fell 11-0 in Game 1 to the Gamecocks.

    more>>
  • LSU gymnastics advances to the Super Six

    LSU gymnastics advances to the Super Six

    Friday, April 20 2018 9:34 PM EDT2018-04-21 01:34:49 GMT

    For the seventh time in program history, the LSU gymnastics team has advanced to the Super Six and will compete for a national gymnastics championship. 

    more>>

    For the seventh time in program history, the LSU gymnastics team has advanced to the Super Six and will compete for a national gymnastics championship. 

    more>>
Powered by Frankly