Report: Brees releases statement after filing lawsuit against jeweler

Report: Brees releases statement after filing lawsuit against jeweler
Source: Fox 8

NEW ORLEANS (WVUE) - Drew Brees targeted his San Diego jeweler after filing a lawsuit Monday, according to TMZ.

Brees claims Vahid Moradi misrepresented the value of several diamonds he sold the Saints quarterback.

Brees is suing the jeweler for almost $9 million.

Brees issued a statement through his attorney on Wednesday:

"From 2010 to 2016, Moradi advised [my wife and I] to allocate funds into an alternative asset class of investment grade diamonds and told us that he would use his connections and expertise to acquire them on our behalf at or below market value."

Moradi has denied any wrongdoing. His attorney said Brees is upset because the diamonds did not appreciate as quickly as he hoped.

"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."