Report: Baker Mayfield, wife file petition seeking information on possible misappropriation of $12 million

Baker Mayfield and his wife Emily reportedly filed a petition seeking information on possible misappropriation of $12 million, according to Billy Gates of KXAN.com.

The $12 million in question was put in the hands of an investment firm where Mayfield’s family members work. The petition was filed Tuesday and it asks the defendants, Camwood Capital Management Group, Camwood Ventures, Texas Contract Manufacturing Group, Unitech, Apex Machining and Lor-Van, to turn over financial records from 2018-23 and witnesses to provide oral depositions in order to reveal where Mayfield’s money went over that period.

“Petitioners simply do not know if their money has been properly and competently invested, has been stolen or otherwise misappropriated, or something in between,” the document stated.

According to the report, the filing is not a lawsuit but the petition is a request to receive information on the finances, since the Mayfields were “denied access to this information.”

“It is too early to know whether a suit is likely or even anticipated,” the filing said. “At this time, Petitioners have been deprived of the information and documents needed to analyze whether their assets have been misappropriated.”

The filing detailed defendants that are members of Mayfield’s immediate family.

“On information and belief, a substantial sum of Petitioners’ assets were transferred out of Petitioners’ personal accounts to TCMG, potentially at the direction and supervision of Camwood Group and/or Camwood Ventures, and were used by TCMG to fund certain investments, make certain acquisitions, or to fund certain loans,” the filing said, via KXAN. “Other of Petitioners’ assets were transferred directly to Camwood Ventures and invested in various entities on behalf of Petitioners.”

Mayfield is in the middle of a quarterback battle with the Tampa Bay Buccaneers. He’s going head to head with former second round pick Kyle Trask (Florida). The two were slated to alternate preseason starts.

The Bucs drafted Trask with the No. 64 overall pick in the second round of the 2021 NFL Draft out of Florida, where he put together an impressive career. As a junior in 2020, Trask threw for 4,283 yards and 43 touchdowns to help the Gators to an 8-4 record and a Cotton Bowl appearance.

A former Heisman Trophy winner out of Oklahoma, Mayfield played six seasons with the Cleveland Browns, Carolina Panthers and Los Angeles Rams. In six years, Mayfield has 16,288 yards, 102 touchdowns, 64 interceptions and a 61.4% completion percentage.