Award in Drew Brees jewelry decision swells to nearly $9 million

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A $6.1 million judgment in favor of New Orleans Saints quarterback Drew Brees against a San Diego jeweler has now increased in value.

According to Ramon Antonio Vargas of the NOLA.com, interest and prejudgment costs have increased the award for Brees to $8.9 million.

The jeweler, Vahid Moradi, has appealed the judgment and that process is still ongoing.

Brees and his wife, Brittany, sought $6.7 million, which was the difference between the amount paid to Moradi for a variety of diamonds and the actual appraised value of the items. Brees accused Moradi of breach of oral contract, fraud by intentional misrepresentation, breach of fiduciary duty and fraud by concealment.

Moradi had claimed it was the appraiser, Aldo Dinelli, that was at fault for scamming the Breeses.

12 responses to “Award in Drew Brees jewelry decision swells to nearly $9 million

  1. Ancient Indians were fascinated by shiny bobbles and beads.
    Glad to see we’ve come so far since then…

  2. There are and have been rumors Brees is in financial trouble. Hard to believe considering his salary but apparently he lacks business sense. This diamond Deakins very odd. Can any NOLAs comment?

  3. Sounds like him and his high maintenance wife are in a little financial trouble. When investing in something that is in the millions you always get 2 or 3 appraisals. Not sure why they waited that long to question the value of them. Unless he was in need of cash.

  4. Brees owns interest in at least two restaurant chains (Jimmy Johns and Walk-Ons) and has several other investments and businesses that are doing fine. His latest contract was for 2 years and $50 million. That doesn’t include the last decade+ of earnings and not counting endorsements.

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