According to documents obtained by The Blast, Hall of Famer and ex-gunslinger Brett Favre is being sued (along with his business partners) for allegedly getting investors to pony up more than $16 million for a social media network that never took off. That network, called Sqor Sports, was intended to allow fans to connect with their favorite pro athletes. If that sounds unnecessary (considering that athletes can already connect with their fans on Facebook, Twitter, etc.) that's because it probably is.
Callais Capital Management (CCM), a firm based in Louisiana, contends that they were persuaded to put $16 million into the company based upon "negligent and fraudulent misrepresentations" from Favre and his business associates. They said that they put that enormous chunk of change into the unknown company to "fund immediate international growth and allow the company to secure up to 10 major Sports Enterprises over the next six months." They were also reportedly assured that they'd reap a significant profit.
In addition to allegedly misrepresenting their user base, CCM also says that Sqor misrepresented their "growth metrics" (which they say they claimed were bigger than Twitter and LinkedIn's). As The Blast wrote:
CCM calls out Favre for allowing the other execs to conflate Favre’s social media followers and fans with those of Sqor and misstating the influence of Sqor based on Favre’s own social media reach.
CCM says that Sqor lied by saying other prominent athletes were using the service (including Allen Iverson, Conor McGregor, Floyd Mayweather and Odell Beckham Jr.) when they, in fact, were not. They say they did their due diligence and research before putting their money in, but lies and false representations made it impossible to realize they were being duped. As for where Sqor currently stands, their website has ceased operations and links to their apps no longer work.
Favre joined Sqor's board of directors in 2013, and later became a co-owner. As for what CCM is looking for, they are seeking $16.75 million in addition to damages.
