NHL Goaltender is Being Sued For The Second Time in Troubling Case, Debts Up to $16M
As the Golden Knights focus on their Stanley Cup Final preparations, goaltender Robin Lehner finds himself caught in a complex situation involving fraud allegations and ongoing financial difficulties. Lehner and his wife are facing legal action due to his inability to repay borrowed funds, a recurring issue for the goaltender. The controversy arose when Las Vegas businessman Michael Borden accused Lehner of deceiving him regarding the repayment of a substantial $4 million loan.
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.
Borden claims that he was misled about the purpose of the loan, believing it would support technological development in Lehner's SolarCode business. However, he alleges that Lehner misrepresented the profitability and viability of SolarCode, failing to disclose its true financial state. In addition to seeking the return of the borrowed funds, Borden is also demanding compensation for the incurred legal expenses.
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.
Furthermore, court filings reveal that Lehner had undisclosed debts of over $16 million at the time of Borden's loan, despite assuring Borden about the financial stability of his snake farm business. Additionally, in 2022, Lehner allegedly sought another $500,000 loan with a one-year term, promising early repayment during the first two months of his guaranteed contract with the Golden Knights, which began this NHL season.
Despite his absence from the current NHL season, Lehner continues to earn from his substantial five-year, $25 million contract with the Golden Knights signed in 2020. The question now lingers: Can Lehner overcome these legal and financial challenges and make a triumphant return to the NHL?
Source: HockeyPatrol.com
| POLL | ||
JUIN 1 | 101 ANSWERS NHL Goaltender is Being Sued For The Second Time in Troubling Case, Debts Up to $16M Will this NHL goaltender overcome the lawsuits and make an NHL return? | ||
| Yes | 16 | 15.8 % |
| No way | 85 | 84.2 % |
| List of polls | ||
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