Drew Brees has filed a lawsuit alleging that a jeweler he’s been using “for years” has been ripping him off to the tune of roughly $9 million.
TMZ Sports reports Brees has dropped around $15 million in jewelry — including a ring that he paid $8.13 million for — over the course of his business deals with Vahid Moradi, the man who runs the CJ Charles jewelry shop in San Diego.
However, Brees alleges in his lawsuit that he had his collection appraised recently and that it is worth $9 million less than he has paid. The ring he paid over $8 million for was appraised at $3.75 million — less than half what he paid.
He also alleges he was told by Moradi that the jewelry would appreciate over time and that he was making a sound investment. Now he feels he was lied to by Moradi, though the jeweler’s attorney, Eric M. George, disagrees.
“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.”
Per TMZ Sports, Brees is seeking at least $9 million in damages from Moradi. Though, by the tone of the jeweler’s lawyer that’s not doing to happen without a stiff fight.