Russell Simmons accuses ex-wife of fraud in new lawsuit

Russell Simmons accuses ex-wife of fraud in new lawsuit

The hip jump symbol has actually charged his previous spouse, Kimora Lee Simmons, of swiping his shares from a financial investment to bail her brand-new partner out of prison

Hip-hop magnate Russell Simmons declares his ex-wife Kimora Lee Simmons swiped from him.

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Russell has actually charged his previous spouse of swiping his shares from a financial investment to pay her brand-new partner’s lawful costs and also has actually submitted a suit versus the mommy of his 2 kids and also her partner, Tim Leissner, per The Jasmine Brand Name

Russell Simmons accuses ex-wife of fraud in new lawsuit

Simmons insurance claims Kimora made use of shares from a power beverage business they purchased called Celsius. The shares were made use of as security for a bond attached to government costs versus Leissner.

Back in 2018, Leissner begged guilty to criminal conspiracy theory to break the Foreign Corrupt Practices Act and also was struck with conspiracy theory to devote cash laundering, per Forbes.

Russell affirms that the mommy of his children Ming Lee Simmons, 21, and also Aoki Lee Simmons, 18, “recognized complete well that Leissner would certainly require 10s of countless bucks [$44M] to stay clear of prison time, avoid on bond, and also surrender cash for sufferer settlement.”

Russell affirms that years ago he and also Kimora spent millions right into the power beverage. He includes that he came to be questionable when he saw “considerable inexplicable adjustment” in relation to his shares.

He declares the pair, “conspired with each various other, assisted and also urged each various other and also with each other participated in scams by triggering an illegal conversion and also illegal transfer.”

Kimora Lee Simmons and also Tim Leissner participate in The Weinstein Firm & & Netflix’s 2014 Golden Globes After Celebration on January 12, 2014 in Beverly Hills, The Golden State.

The business owner and also magnate stated he is disturbed over the experience and also composed her a letter on Might 5.

” I am stunned and also saddened to see exactly how your side has actually acted in feedback to my duplicated efforts to obtain an arrangement from you to truly and also lawfully declare my 50% of the Celsius shares … which have actually been secured with the federal government after being made use of for your partner’s bond cash.”

Russell is looking for problems and also restitution for equivalent worth of the shares and also rate of interest,” to obtain the vital family members issue of the Celsius shares to a close to ensure that we can place it behind us and also continue as the caring united front we have actually constantly been.”

The pair divided back in 2009.

Simmons might be taking lawsuit versus his ex-wife yet he is presently in the spot himself over claims of sexual assault. In 2020, an HBO docudrama, On the Document, was launched declaring Simmons had actually sexually attacked a number of ladies.

He replied to the claims in June of 2020 while on The Morning Meal Club, claiming he did not purposefully prey on any person, as reported by theGrio

Simmons showed up on the preferred early morning program to protect himself, though among his claimed sufferers was disturbed at the program and also hosts for having him on.

Kimora Lee Simmons, Russell Simmons and also supervisor Brett Ratner participate in the Z Spoke by Zac Posen Springtime 2011 style program on September 11, 2010 in New York City City. (Image by Michael Loccisano/Getty Images for IMG)

” I can never ever claim that a person does not really feel preyed on … I can inform you that I do not seem like I victimized them,” he mentioned.

He after that exposed that his principles was clear in the issue offered he claims he has actually taken, “9 different three-hour lie detector examinations.”

Simmons after that took place to claim that when he checked out an account by author Jenny Lumet, in which she defined exactly how he ‘d presumably attacked after supplying her a flight residence, he thought her account.

Nevertheless, he likewise stated he thinks the occurrence to be a “misconception” where he believed the sex was consensual and also she really felt or else.

” It damaged my heart when I review it,” he acknowledged throughout the meeting. “I would certainly never ever heard it. However thirty years later on, I review it and also I thought her.”

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