Commanders deny financial misconduct allegations, lawyer says team can rebut claims #Commanders #deny #financial #misconduct #allegations #lawyer #team #rebut #claims Welcome to TmZ Blog, here is the new story we have for you today:
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The Washington Commanders denied allegations of financial impropriety in a letter sent to the U.S. Federal Trade Commission (FTC) on Monday.
Last week, the U.S. House Oversight Committee wrote in a letter to the FTC claiming that the Commanders may have engaged in potentially unlawful financial conduct for more than 10 years. The team was accused of withholding ticket revenue from visiting teams and refundable deposits from fans. In a 20-page letter obtained by TmZ Blog Digital, congressional leaders said they appeared to have uncovered information indicating that the organization, including team owner Daniel Snyder, may have been involved in “troubling” financial misconduct and withheld millions from the NFL.
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On Monday, the Commanders dismissed the allegations in their 19-page response. The letter included testimony, emails and other documents. The letter, signed by Jordan W. Siev from the law firm Reed Smith, denies all of those allegations. Siev wrote that the committee never requested information about the allegations made and that no financial investigation was warranted.
“The committee did not request a single document from the team; the committee did not invite a single representative of the team to address the truth of the matters contained in the committee’s letter; and the committee did not pose questions to the team to answer in writing about its allegations, or provide any mechanism whatsoever for the team to address the truth of the allegations,” the letter read. “Had the committee posed any of these questions or requests to the team, the team could — and would — easily and fully have rebutted each allegation.”
The letter also takes aim at the motives and character of the former VP of sales and customer service Jason Friedman. His testimony against the organization kickstarted the congressional lawmakers’ letter to the FTC over the fiduciary allegations.
COMMANDERS HELD BACK REVENUE OWED TO VISITING TEAMS: REPORT
Congress had already started an investigation into the organization’s workplace culture. The NFL didn’t release a report detailing the findings of the investigation into the matter. Snyder and the team were fined $10 million, but no other disciplinary steps were taken.