San Jose Sharks star Evander Kane is being accused of carrying out a scheme to hide money from his numerous creditors — all while his alleged gambling problem spun out of control.
According to court documents obtained by Radar, the California Bank & Trust has slapped the hockey star with a federal lawsuit as part of his Chapter 7 bankruptcy.
Earlier this year, Evander's bankruptcy petition listed $10.2 million in assets and $26.8 million in debt. The move was shocking given he has pulled in over $62 million during his career in the league.
In his petition, Evander admits he owes California Bank & Trust a total of $4.25 million. His bankruptcy case could wipe that clean. However, the bank’s lawsuit is demanding the court not allow a discharge of the money.
California Bank & Trust claims Evander hired a law firm Pachulski Stang Ziehl & Jones in 2019. The bank says Evander hired the firm because of his “concern over his inability to meet his debt obligations as they came due.”
The suit says Evander and his lawyers coordinated a scheme to shield assets from creditors. The alleged scheme involved the use of “real estate loan transactions and transfers of non-exempt assets to and from a newly-formed Florida shell entity, which concealed these assets until the eve of Kane’s bankruptcy filing, when Kane caused the entity to transfer real property to himself and his wife, file bankruptcy, then invoke California’s newly-augmented homestead exemption in the bankruptcy,”
The alleged scheme involved Evander opening a Florida LLC named Lion Properties. The bank claims he used the shell company to “secretly shield his assets from creditors.” The suit claims the company “has never been an operating entity with a business plan other than concealment of Kane’s assets from creditors.”
The bank also accuses Evander of losing $1.5 million in gambling losses in the year preceding his bankruptcy. The suit says the bankruptcy should be dismissed and Evander be on the hook for the $4.2 million owed.
As Radar first reported, Evander is also facing a lawsuit by an alleged sexual assault victim, an ex-girlfriend who claims he regened on a $2 million abortion deal along with his nasty divorce from his wife Anna that involved abuse accusations.