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Thursday
Mar182010

Saints Coach and Former Players Suing Ex-Saint Over Bad Investment

DateThursday, March 18, 2010

Saints coach Sean Payton is suing former Saints long snapper Kevin Houser.


Some of the Super Bowl Champion New Orleans Saints aren't feeling so super about former teammate Kevin Houser or the money they lost investing in a film studio he told them about.

Coach Sean Payton and players Drew Brees, Jeremy Shockey, Charles Grant, have all filed lawsuits against Houser for interesting them in an investment opportunity that was supposed to yield tax credits, returning $1.33 for every dollar invested - instead they got "zero".

Payton and his wife lost $144,000.

Houser, a licensed securities dealer, is now playing for the Seattle Seahawks and feels he was let go because of the bad deal.(Oh really? This guy is a genius.)

AuthorMartin Cameron Smith | CommentPost a Comment |
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