Mary Jo White, chair of the Securities and Exchange Commission, will “review the serious matters” raised by the US House Oversight and Reform Committee on leaders and their financial behaviour, NFL spokesperson Brian McCarthy said in a statement to Sports Illustrated.
In addition, the association said it would “continue to cooperate with the oversight committee and submitted more than 210,000 pages of documents,” which include material shared since the committee first launched the investigation last fall.
On Tuesday, the commission released a statement and a copy of its 20-page letter to the Federal Trade Commission (FTC), which asserted that Washington and co-owner Dan Snyder “may have engaged in a troubling, protracted and potentially illegal pattern of Financial behavior that has victimized thousands of fans of the team and the National Football League.”
The message a copy was sent to And, including testimony from Jason Friedman, a former Washington director of sales. Some of the cases mentioned are as follows.
- Alleged misappropriation of funds, specifically withholding customer security deposits on premium seats and using the funds for other purposes, totaling “about $5 million” from “about 2,000 accounts”.
- Ticket revenue, which is supposed to be shared with the league, has not been reported. “The team kept ‘two sets of books’ – one that was shared with the NFL but some ticket revenue was not reported, and another internal set of books that included the full and accurate revenue and was shown to Mr. Snyder,” said Friedman.
Below are more documents released by the committee, including spreadsheet details from Friedman, and how the former Washington sales manager testified that these financial practices began when “things started to get financially difficult for the team” and noted that senior leadership, Including Snyder, she encouraged them.
The NFL can still turn Daniel Snyder’s ongoing chaos into a positive
Rep. Carolyn Maloney (D.) said it reinforces concern that this organization has been allowed to operate with impunity for too long. This new information suggests that in addition to fostering a hostile workplace culture, Mr. Snyder may have deceived the team’s fans. and the NFL.
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“While the focus of our investigation remains on leaders’ toxic work environment, I hope the Federal Trade Commission will review this troubling financial behavior and determine if further action is necessary. We must have accountability.”
The leaders have denied any financial wrongdoing since the allegations surfaced on March 31. This is the second investigation into the franchise since allegations of sexual harassment in the workplace surfaced in Washington in the summer of 2020.
The Washington Post I released an article in July 2020 detailing the sexual harassment in the workplace of 15 former workers within the franchise. Snyder also faces several accounts of misconduct, some of which are as follows:
- The mail Another article came out in 2020 stating that a former senior executive instructed employees to create a behind-the-scenes video for Snyder. The video included videos of partially nude team fans from a photo session in the 2008 team’s swimwear calendar.
- The mail It previously stated that “lawyers and special investigators working on Snyder’s behalf have taken steps that potential witnesses … perceived as attempts to interfere with the NFL investigation.” The numerous alleged attempts to interfere included a $1.6 million settlement with a former employee describing sexual misconduct by the co-owner and petitions to identify the employees who spoke to The Washington Post.
- During the Roundtable, Tiffany Johnston detailed multiple offensive moments including the time when Snyder allegedly sexually harassed her. Snyder denied the allegations in a statement.
The NFL has retained White to investigate the allegations against Snyder after the roundtable, which was first reported by mail Approximately two weeks after assembly. to me The mailWhite’s findings will be made public and Goodell will determine “any further action the league will take.”
Lawmakers continued to demand that the NFL release the full results of its investigation. In February, documents released by the commission raised questions about whether the association’s investigation with the leaders was truly independent.
It was revealed that Washington had not only agreed to a written report being created around attorney Beth Wilkinson’s findings and recommendations, but that the league would not be able to publish the findings without Snyder’s permission, according to the documents. Here is a summary of what was found in the documentation.
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