Former NFL star wide receiver Antonio Brown is embroiled in a new scandal, even outside of the league. Now, in the midst of a legal process, he faces the possible dismissal of his bankruptcy petition after allegations surfaced against him for failing to disclose critical financial information in court. According to In Touch, the allegations were made through court documents obtained exclusively
A trustee overseeing Brown’s Chapter 11 bankruptcy case revealed that he has serious concerns about the former Steelers, Patriots and Buccaneers receiver’s handling of finances.
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According to the documents, the trustee objected to Brown‘s proposed payment plan, claiming that the 36-year-old failed to disclose key assets to cover his debts and did not meet the necessary debtor reporting requirements.
Brown’s bankruptcy proceedings highlighted several important issues.
“[Antonio] has failed to disclose his pre-petition ownership and interests in various entities, has not timely or adequately complied with debtor reporting requirements, and cannot establish that his Plan is feasible,” the trustee asserted.
What assets would Antonio Brown not have declared?
One of the most important allegations against Antonio Brown was that he failed to disclose the transfer of three properties before filing for bankruptcy. In addition, the trustee noted that Brown appeared to have multiple social media accounts, including a significant following on his X page, which could bring him some income
The page has a link to a website selling products with Brown‘s image, which the trustee says are estate assets that the former player failed to declare in his bankruptcy filing.
The trustee also raised omissions related to transparency in Brown’s financial management, specifically its failure to file timely operating reports for September and October 2024, which are essential to determining the reality of its current financial situation.
The file also points to a number of inconsistencies in Brown’s financial tax returns, noting contradictions between his reported monthly income and his actual financial activity. According to the trustee, Brown reported gross monthly income of $39,166.67 and monthly expenses of $27,868.09.
However, the operating reports only showed a $200 deposit in June 2024 and two $15 debits in the following months. The trustee noted that Brown’s statement does not explain more than $195,000 of unexplained income and expenses, and called it “impossible to determine” the accuracy of the financial documents submitted by Brown.
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