Late breaking news today involves an issue most of the New Orleans Saints fans have forgotten about: A lawsuit, or several of them that were filed back in 2009 against a former Saints long snapper, Kevin Houser. Houser was said to have convinced a number of current and former Saints players to invest their extra cash into a “get rich quick” scheme with a company named Louisiana Film Studios, LLC.
Estimates vary but some $2 million may have been swindled in all by Louisiana Film Studios before an involuntary bankruptcy petition was filed against the company and the sushi hit the fan. The investors never got the 33% return on their investment because Louisiana Film Studios never filed for the movie tax credits that were the basis for the scheme.
The only tax credits Sean Payton, Archie Manning, Drew Brees, Jeremy Shockey, Scott Shanle, Mitch Berger and Charles Grant got was presumably from the IRS for being scammed out of their money.
Attorney Daniel Becnel Jr. said that Payton received a “substantial” settlement. Becnel didn’t cough up any dollar amounts because the settlement was confidential but had this to say:
“We got exactly what we wanted and demanded and they paid it.”