Shilo Sanders, son of Colorado head coach Deion Sanders, is under increased scrutiny as inquiries into his income have emerged subsequent to his bankruptcy filing in late 2023.
The bankruptcy filing came in the wake of an $11.8 million judgment against him stemming from an assault case.
Sanders had lost a civil lawsuit in 2022 related to an alleged assault on a security guard at his Dallas high school in 2015.
According to a 2024 filing in the bankruptcy proceedings, the security guard, John Darjean, sustained severe injuries, including a broken neck and permanent neurological damage, during the altercation initiated by Sanders.
Sanders’ bankruptcy filing is now facing challenges.
Reports from Yahoo indicate that in December 2023, Sanders claimed to possess assets totaling $323,477, primarily consisting of a Robinhood account and a Mercedes GLE AMG 63 valued at $75,000. This claimed amount represented a decrease from the $477,881 he declared in October.
Legal representatives for John Darjean, the former security guard, have raised objections regarding the lack of disclosure of Sanders’ Name, Image, and Likeness (NIL) portfolio.
Darjean’s lawyers argue that Sanders failed to disclose significant earnings from endorsements and public appearances, despite evidence of extravagant spending on luxury items.
Sanders’ attorneys countered that he is not obligated to itemize personal property in his financial disclosures.
However, Darjean’s legal team alleges that Sanders intentionally omitted details about his involvement in ventures such as SS21 LLC and Big 21 LLC, which facilitate paid appearances for his NIL ventures.
Sanders maintains that he was unaware of the initial trial and subsequent judgment until 2023, claiming that notices were either not received or sent to the wrong address.
His lawyers have argued that the $11.3 million judgment poses an undue burden, especially given his status as an undergraduate student at the time.
In February, Sanders’ legal team contended that the bankruptcy filing was necessary to afford him a fresh start and relieve him from the burden of his debts, particularly in light of his academic pursuits.
The case underscores the complexities surrounding high-profile bankruptcy filings and raises questions about financial transparency in legal proceedings.
