May 25th 2024.
Shilo Sanders, the son of Colorado head coach Deion Sanders, has found himself in the spotlight once again. This time, it's due to questions surrounding his income. After filing for bankruptcy in late 2023, people are curious about how he manages his finances. This issue arose after a $11.8 million judgment was placed against him for an assault case. It was determined that Sanders was responsible for causing severe injuries to a security guard during a physical altercation back in 2015 at his Dallas high school.
In an attempt to relieve himself of the hefty debt, Sanders filed for bankruptcy. However, this move has raised even more eyebrows and sparked further investigations. According to Yahoo, Sanders claimed to only have a total of $323,477 in December 2023, which included a Robinhood account and a Mercedes GLE AMG 63 worth $75,000. This amount was significantly less than the $477,881 he reported in October of the same year. This raised suspicions about the accuracy of his claims and the true state of his finances.
Lawyers for the security guard, John Darjean, were quick to point out the lack of transparency in Sanders' bankruptcy filing. They questioned the omission of his NIL (Name, Image, Likeness) portfolio, which is a source of income for many athletes. Upon further investigation, it was discovered that Sanders had been spending large sums of money on expensive clothing, contradicting his claims of financial struggle.
In addition, Darjean's lawyers also highlighted Sanders' involvement in two LLCs (SS21 and Big 21) that were created to manage his NIL ventures. They argued that his failure to disclose these assets was a deliberate attempt to hide the true value of his NIL ventures. These ventures, according to Darjean's lawyers, are the most valuable assets in Sanders' possession.
Sanders' lawyers, on the other hand, argued that their client was not aware of the initial trial and the subsequent judgment against him. They claimed that he did not receive any notices and did not have a lawyer at the time of the lawsuit. This raised further questions about the accuracy of Sanders' claims and the legitimacy of his actions.
In February, Sanders' lawyers argued that the $11.3 million judgment was too burdensome for their client, who was still a college student at the time. They stated that it would have a permanent effect on his future and would hinder him from moving on with his life after graduation. This was one of the main reasons cited for filing for bankruptcy and seeking a fresh start.
Despite these claims and counterclaims, the truth about Sanders' finances and the validity of his bankruptcy filing remains unclear. It seems that this issue will continue to be a topic of scrutiny and speculation until all the facts are brought to light. But one thing is for sure, Shilo Sanders' financial situation has become a hot topic of discussion in the media.
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