Robin Lehner, a well-known goaltender for the Golden Knights, was recently accused of committing fraud while attempting to file for a Chapter 7 bankruptcy. According to initial reports, Lehner filed for bankruptcy in December. In the filing, he reported owing over $27.3 million. His current holdings included property valued at $5.1 million.
Lehner explained getting into debt as a result of several poorly made investments. He reportedly had major investments into a Phoenix-based solar technology company called SolarCode LLC. He also had a 20% stake in a reptile and avian zoo in Punta Gorda, Florida as well as investments into a reptile farm in Plato, Missouri.
As a result of these debts, Lehner allegedly took out a $6.8 million loan from RMSPC Funding and a $2.8 million loan from South River Capital. In the RMSPC loan, he used a $25 million contract with the Golden Knights as collateral.
Throughout all these loans and investments, it’s alleged that Lehner incurred a balance of over $95,000 in false pretenses with American Express as well.
Now, the whole scam is falling apart and Lehner is being charged with bankruptcy fraud.
A chapter 7 bankruptcy can help someone in debt get rid of all their existing unsecured debts without submitting to a type of repayment plan. Along the process, the debtor usually has to sell of non-exempt property and other assets in order to help repay their old debts. There are specific properties, however, that you won’t have to sell off even if you’re in a massive amount of debt. The types of properties that will be exempt varies from state to state.
After this process, the remaining unsecured debts you have will get cleared away by the courts. Not all debts are dischargeable. You also need to have a relatively low income to get approved for this process. If your income is too high, then you’ll have to file for a Chapter 13 bankruptcy.
Bankruptcy fraud is a massive issue that the police and courtrooms take seriously. In Las Vegas, a bankruptcy fraud conviction can lead to a sentence of up to five years in prison.
If you’ve been accused of committing bankruptcy fraud, then we can help you navigate the situation. Schedule a consultation with our lawyers now to learn more about how to construct a solid defense against your charges.