Russell Simmons Sues Ex-Wife Kimora Lee for Fraud and Allegedly Stealing Stocks to Pay Her New Husband’s Bail

  • 📰 VanityFair
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 55%

United States News News

United States United States Latest News,United States United States Headlines

Russell Simmons has accused his ex-wife, Kimora Lee Simmons, and her current husband, Tim Leissner, to court, of fraud.

The Def Jam cofounder filed a complaint earlier this week, obtained byin which he claims that Lee and Leissner conspired to fraudulently transfer almost 4 million shares of the energy-drink company Celsius to their accounts in order to help pay for Leissner’s legal and bail fees for a 2018 money laundering case in which he pleaded guilty.

Leissner, a former Goldman Sachs partner, pleaded guilty to conspiracy to commit money laundering and foreign bribery charges following around $4.5 billion being misappropriated from 1MDB, a Malaysian sovereign wealth fund, more than $200 million of which went directly to Leissner and another alleged conspirator, according toIn order to avoid jail time, the financier agreed to forfeit almost $44 million.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Marrying celebs for money…

So he’ll be back in the States where he faces rape charges soon? Cool, cool.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 391. in US

United States United States Latest News, United States United States Headlines