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Bankrupt NHL star defenceman Jack Johnson is accused of being in cahoots with his parents in taking out a string of high-interest loans.RFF Family Partnerships, a California-based marketing company which is among Johnson¡¯s largest creditors in his bankruptcy case, accuses the Columbus Blue Jacket of committing ¡°false representation and/or actual fraud¡± during the year-old case.
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Johnson shocked the hockey world nearly a year ago when he filed for bankruptcy, disclosing that he had amassed more than $10 million worth of debt. In an even more startling twist, Johnson said his parents were to blame for his financial distress.In a Columbus Dispatch story on Nov. 20, 2014, Johnson said he ¡°picked the wrong people¡± to give him financial advice and in court documents, Johnson charged that his parents John and Kristina took out millions of dollars worth of high-interest-rate loans in his name, without his knowledge.
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His parents, Johnson alleged, pledged his future NHL earnings as collateral for the loans.While Johnson¡¯s case has largely disappeared from the headlines over the past year, his venomous legal battle with his creditors continues. It¡¯s been so contentious that lawyers for his creditors have asked the court for permission to question Johnson¡¯s lawyers themselves over his decision to file for bankruptcy, an extraordinary measure.
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Johnson has been forced to disclose minute details about his monthly expenses over the past year, filing his credit card and bank statements with the court each month, sharing details on everything from his purchases of food and gas to gifts. He¡¯s also required to provide information about his NHL income and NHLPA retirement savings plans.But in what sources close to Johnson say has been among the most difficult developments over the past year, the Blue Jackets defenceman has been accused of working alongside his parents to secure high-interest loans ¨C allegations that are directly counter to his statements with the court.