![]() The lawsuit alleges some of the funds were funneled through the Mississippi Community Education Center, a nonprofit run by Nancy New. The two men waged a marketing campaign to encourage investors to back VanLandingham's companies - a campaign that ultimately led Favre to tap some of his connections in his home state. Neither Favre nor VanLandingham was charged, but they are among 38 individuals and companies named earlier this year in the civil lawsuit, which seeks the return of more than $20 million that had been designated for needy families. Six people were arrested and charged in 2020 as part of what the state called a "multimillion-dollar embezzlement scheme." They included Mississippi's welfare director and the head of a nonprofit, both of whom have entered guilty pleas. VanLandingham told ESPN in an interview, "I had no idea this was welfare money, and I've always been an upstanding person when it comes to research." Favre declined to comment.įavre, according to the lawsuit, is the top outside investor in Prevacus, and the Hall of Fame quarterback has said he put $1 million of his own money into the companies, which are developing a nasal spray to treat concussions and a cream to prevent or limit them. Two of VanLandingham's Florida-based companies - Prevacus and PresolMD - are alleged to have received more than $2.1 million in Mississippi funds that were earmarked for welfare families, according to a civil lawsuit filed by the state. As well, court filings show the companies and their founder, Jake VanLandingham, faced substantial debts over the past several years, even as VanLandingham was pressing potential investors to help get his drugs to market. ![]()
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