October 24, 2025
A trustee in Shilo Sanders’ chapter case has accused him of constructing unauthorized financial institution transfers totaling roughly $250,000.
A brand new growth in former Colorado Buffaloes participant Shilo Sanders’ chapter lawsuit has emerged: A trustee within the case has accused him of constructing unauthorized financial institution transfers totaling roughly $250,000.
Based on USA At present Sports activities, the Trustee, David Wadsworth, made the accusation in a court docket submitting on Oct. 22. He’s searching for to get better the cash allegedly transferred from the account, claiming Sanders violated chapter legal guidelines by doing so.
The previous Tampa Bay Buccaneers participant filed for a Chapter 7 chapter in October 2023 after he was sued and, after not showing in court docket, ordered to pay a default judgment of $11.89 million to a safety guard who accused the soccer participant of assaulting him in 2015. Wadsworth states that he’s searching for to get better funds that included the earnings the soccer participant acquired throughout faculty from his title, picture, and likeness (NIL) earnings.
Wadsworth mentioned that Sanders violated the automated keep within the case by taking the cash after being prohibited from doing so underneath the keep. He made cash by way of his enterprise firm, Massive 21, LLC.
“The Trustee additionally asserts a declare for violation of the automated keep primarily based upon the Debtor’s (Sanders’) train of management over Defendant Massive 21, together with its checking account,” it states within the criticism. “After the Petition Date, solely the Trustee, as the only real member of Defendant Massive 21, had the authority to authorize transfers out of Defendant Massive 21’s checking account. Nonetheless… the Trustee didn’t authorize transfers that totaled roughly $250,000.00 out of Defendant Massive 21’s checking account after the Petition Date for the advantage of the Debtor.”
The Trustee mentioned that by making the unauthorized transfers from this checking account, Sanders “willfully violated the automated keep.”
Wadsworth additionally claimed that Sanders acquired an NIL contract by way of one other firm he created, Headache Gang, after he filed for chapter. Headache Gang acquired $202,500 in December 2023, after the chapter submitting.
“To the extent the Headache Gang Income relies on the Debtor’s prepetition NIL contracts, the Headache Gang Income is property of the chapter property,” the criticism states.
Due to this, the Trustee is searching for “turnover all income and proceeds of any prepetition NIL contracts entered into by the Debtor and the opposite Defendants whether or not that income was entered into previous to or after the Petition Date.”
