Source: BroBible
Summary
A federal judge has ordered redacted copies of recent court records in Shilo Sanders’ bankruptcy case to be made public. The judge also upheld USA Today’s objection to sealing the upcoming bankruptcy trial on August 31. Shilo Sanders, 26, is trying to avoid paying an $11.89 million judgment against him, which was awarded to John Darjean after Sanders assaulted him in 2015. Darjean claims Sanders is using limited liability corporations to conceal assets from his name, image, and likeness (NIL) deals.
Our Reading
The habit of hiding assets gets a new name.
Shilo Sanders’ bankruptcy case is a classic example of how the wealthy try to avoid paying their debts. The fact that he’s using limited liability corporations to conceal his assets from his NIL deals is just a fancy way of saying he’s trying to hide his money. The judge’s ruling to make the court records public is a small victory for transparency, but it’s just the beginning of a long process to hold Sanders accountable for his actions.
The original observation: “Using LLCs to hide assets is just a fancy way of saying ‘I’m broke, but not really’.”
Author: Evan Null
