Virginia AG launching investigation into Washington Commanders following allegations of economic improprieties – Baltimore Solar

RICHMOND, Va. — Virginia’s lawyer basic has launched an inquiry into the Washington Commanders following allegations of economic improprieties raised by a congressional committee.

Attorney General Jason Miyares, a Republican, disclosed his workplace’s investigation in a letter to a group lawyer on Monday, saying he considered it as his “responsibility to carefully examine the material facts regarding this matter.”

“To be clear, I have not prejudged the issues raised regarding the Commanders,” he wrote.

The announcement from Miyares comes about two weeks after the House Committee on Oversight and Reform wrote to the Federal Trade Commission saying it discovered proof of misleading enterprise practices over the span of greater than a decade, together with withholding ticket income from visiting groups and refundable deposits from followers.

The Commanders denied the allegations in a letter to the FTC.

“The team categorically denies any suggestion of financial impropriety of any kind at any time. We adhere to strict internal processes that are consistent with industry and accounting standards, are audited annually by a globally respected independent auditing firm, and are also subject to regular audits by the NFL. We continue to cooperate fully with the Committee’s work,” the group stated in a press release Monday.

The NFL has stated it engaged former Securities and Exchange Commission chair Mary Jo White “to review the most serious matters raised by the committee” — notably an allegation by a former group worker that proprietor Dan Snyder groped her, which Snyder denies.

In Virginia, Deputy Attorney General Steven Popps will lead the inquiry, in response to the letter, which a spokeswoman for Miyares shared with The Associated Press.

“I request full cooperation and transparency from your client during this inquiry,” Miyares wrote within the letter, which was addressed to lawyer Jordan Siev of the regulation agency Reed Smith.

Separate from the investigation by Congress, which started after the NFL didn’t launch a report detailing the findings of an investigation into the group’s office tradition, the Commanders are within the midst of a prolonged seek for a website for a brand new stadium, with Maryland, Virginia and the District of Columbia all potential choices.

Virginia has aggressively tried to dealer a stadium deal. Lawmakers thought-about however didn’t approve laws throughout their common session that will have given the group hefty tax breaks to construct a stadium in northern Virginia. The General Assembly is predicted to return to the difficulty quickly throughout a particular session.

Source hyperlink

Leave a Reply

Your email address will not be published.