Thursday, May 25, 2017

Will Hubby's Bond Scandal Sink Kimora Lee Simmons Fashion Empire?


Two years ago Kimora Lee Simmons' husband Tim Leissner was linked to a multi-billion dollar Malaysian bond scandal [click here if you missed that].

Will Tim's involvement sink Kimora's fashion empire..?

According to reports the FBI and four other countries are investigating the $6.5 billion in bonds brokered by Kimora's husband and then funneled to Malaysian government officials.

From Page Six
“Goldman Sachs was paid exorbitant fees for selling the bonds,” one lawyer who has followed the case told me. “The prosecutors, if they do their job, will seek to claw back the commissions.”
It is widely believed that Leissner financed the launch of his wife’s eponymous fashion line. As Fashionista noted in 2014, “Unlike other brands that come into the designer market, Simmons has an unusually well-funded infrastructure.”
Kimora’s fashion line — sold online and at a boutique in Beverly Hills, Calif., with tops going for $550 — can’t be profitable, no matter how beautiful her designs are, retail experts told me. “She’s off the map. She’s not in any department stores,” one said. And Leissner might not continue to subsidize the operation.

10 comments:

Anonymous said...

Sounds like they are laundering money through her fashion line. From Blood Diamond Russ and his Rush card fiasco to this new husband. It seems like Kimora looves marrying career criminals! lmao

Anonymous said...

Thanks for following this story, Snitch. If we read between the lines, someone is trying to tell us Kimora might have been allegedly laundering money for her husband...Sidenote: Lots of hair care, fashion, and makeup lines have been founded with questionable money. (Allegedly that couple who sold the simple leather bags, the makeup lines with the same name as an R&B singer, and the fashion line founded by the Venezuelan society lady.)

Chrissy Snow said...

Why does Kimora need funding, doesn't she have her own money from her divorce from Russell?

Anonymous said...

@8:52 - when you have funding you don't need to put up your own money. Therefore if your company tanks - you personally don't lose.

Anonymous said...

Speaking of Malaysian scandal, what's the latest with that scandal involving Leo D, Britney Spears, Swizz B and others? Is that a different one?

Anonymous said...

Bloomingdale's San Francisco carries the line.

Chrissy Snow said...

Thanks 10:23. I have learned more about business and financing from this blog than I ever did in Economics 101.

Jason Santoro said...

What Fashion a Empire?? Second is it really money laundering if they actual have products to sell??

Anonymous said...

Jason Santoro
FUCK YOU!!!!!!!!!!!!!!!!!!!!!!!

Anonymous said...

WHO STILL WEARS BABY PHAT?????!?!?!!?!?

WHO??!?!?!?!?!??!?!?!????!?!?!?!???!?!?!??

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