Robin Lehner Caught With Another Fraud Claim From Filing Bankruptcy

Las Vegas businessman Michael Borden claims that Lehner deceived him regarding his ability to repay $4 million in loans that Borden provided to the NHL star last year.

The Lehners filed for Chapter 7 bankruptcy protection in December, with creditors owed $27.3 million while their personal property is valued at $5.1 million. Lehner obtained the initial loan of $3.5 million in April 2022, with Borden believing the funds would be utilized for technology in Lehner's SolarCode business.

Borden alleges that he was led to believe that SolarCode possessed multiple government contracts in the Caribbean, Africa, and the Middle East, and that the technology associated with the loan was operational. The court filing states, "Lehner made misrepresentations by omissions and commissions and never informed Plaintiff (Borden) or his representatives that SolarCode was not a profitable or even viable commercial entity."

Furthermore, Borden claims that Lehner failed to disclose other debts that could hinder his ability to repay the millions of dollars borrowed from him. The filing also reveals that Lehner held a 50 percent royalty interest in SolarCode, which equated to 50 percent of the company's gross revenue. As part of the loan agreement, Lehner assigned 20 percent of his SolarCode royalties to Borden indefinitely, with Lehner retaining the right to repurchase the royalty rights for $35 million.

In March, another creditor in Lehner's case, Aliya Growth Fund, also accused him of fraud related to a $4.75 million loan provided to him. The court filing further indicates that Lehner informed Borden that his snake farm business was fully paid for and generating positive cash flow, which turned out to be false.

The filing states, "Unbeknownst to Plaintiff (Borden)... the Defendant (Lehner) was indebted to several additional undisclosed creditors, either directly or by guarantees of payment." It was discovered that Lehner had undisclosed debts exceeding $16 million at the time of Borden's loan in April.

In June 2022, Borden claims that Lehner requested another loan of $500,000 with a one-year term. Lehner assured Borden that despite the loan's one-year duration, he intended to repay the $500,000 earlier, within the first two months of his guaranteed contract with the Knights for the current NHL season.