Robin Lehner Getting Sued Over Bankruptcy Fraud
As the Vegas Golden Knights gear up to face the Florida Panthers for the Stanley Cup, their goaltender Robin Lehner is grappling with more than just his surgery recovery. Lehner now finds himself dealing with another fraud claim in his bankruptcy case.
Lehner Faces Legal Challenges
Robin Lehner and his wife Donya, who filed for Chapter 7 bankruptcy protection in December, are now confronting new allegations of fraud related to their ongoing bankruptcy case. Las Vegas businessman Michael Borden alleges that Lehner misled him about his ability to repay $4 million in loans that Borden provided to the NHL star last year, according to a recent court filing.
Borden claims that he was led to believe that the loaned money would be used for technology development in Lehner's SolarCode business. He was informed that SolarCode had multiple government contracts in the Caribbean, Africa, and the Middle East, and that the technology associated with the loan was operational. However, Borden alleges that Lehner misrepresented the profitability and viability of SolarCode, failing to disclose that it was not a profitable or viable commercial entity.
As part of the loan agreement, Lehner assigned 20 percent of his SolarCode royalties to Borden indefinitely, with an option for Lehner to repurchase the royalty rights for $35 million.
As part of the loan agreement, Lehner assigned 20 percent of his SolarCode royalties to Borden indefinitely, with an option for Lehner to repurchase the royalty rights for $35 million.
Another creditor in Lehner's case, Aliya Growth Fund, also claimed fraud related to a $4.75 million loan provided to the goalie in March.
The court filing reveals that Lehner told Borden that his snake farm business was fully paid for and generating positive cash flow. However, it was later discovered that Lehner had undisclosed debts of over $16 million at the time of Borden's loan in April.
In June 2022, Borden alleges that Lehner sought another $500,000 loan with a one-year term. Lehner assured Borden that despite the one-year loan, he intended to repay the $500,000 earlier, specifically within the first two months of his guaranteed contract with the Knights, which started at the beginning of the current NHL season.
In June 2022, Borden alleges that Lehner sought another $500,000 loan with a one-year term. Lehner assured Borden that despite the one-year loan, he intended to repay the $500,000 earlier, specifically within the first two months of his guaranteed contract with the Knights, which started at the beginning of the current NHL season.
Lehner, who has not played this season due to a hip surgery from which he is slowly recovering, signed a five-year contract extension back in 2020.
Credit:Sports Journal
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