Russell Simmons accuses Kimora Lee Simmons of fraud in new lawsuit
Written by laserteam on May 21, 2021
(Yahoo News) -The hip hop icon has accused his former wife, Kimora Lee Simmons, of stealing his shares from an investment to bail her new husband out of jail
Hip-hop mogul Russell Simmons claims his ex-wife Kimora Lee Simmons stole from him.
Russell has accused his former wife of stealing his shares from an investment to pay her new husband’s legal fees and has filed a lawsuit against the mother of his two children and her husband, Tim Leissner, per The Jasmine Brand.
Simmons claims Kimora used shares from an energy drink company they invested in called Celsius. The shares were used as collateral for a bond connected to federal charges against Leissner.
Back in 2018, Leissner pleaded guilty to criminal conspiracy to violate the Foreign Corrupt Practices Act and was hit with conspiracy to commit money laundering, per Forbes.
Russell alleges that the mother of his daughters Ming Lee Simmons, 21, and Aoki Lee Simmons, 18, “knew full well that Leissner would need tens of millions of dollars [$44M] to avoid jail time, stay out on bail, and forfeit monies for victim compensation.”
Russell alleges that years ago he and Kimora invested millions into the energy drink. He adds that he became suspicious when he noticed “substantial unexplained change” in regards to his shares.
He claims the couple, “conspired with each other, aided and abetted each other and together engaged in fraud by causing an unlawful conversion and fraudulent transfer.”