Wednesday, May 19, 2021

Russell Simmons Suing Ex-Wife Kimora Lee


Three years ago Kimora Lee Simmons husband, investment banker Tim Leissner, pled guilty to violating the Foreign Corrupt Practices Act and was ordered to forfeit $43.7 million for his part in a Goldman Sachs Malaysian bond scheme [click here if you missed that]. 

Now Kimora's ex husband, Russell Simmons, is suing her for using his money to pay Tim's legal fees...

Russell Simmons is suing his ex-wife, Kimora Lee Simmons, and her new husband, Tim Leissner, for allegedly transferring and using his shares of an energy drink company to pay legal fees for Leissner. He claims his shares of Celsius, the energy drink, are being used as collateral to pay a bond in connection with criminal charges filed against Kimora's new husband by the feds.
In court documents obtained by The Blast, the entertainment mogul claims he, his ex-wife, and her husband invested tens of millions of dollars in the Celsius energy drink company. Kimora and Leissner allegedly "conspired with each other, aided and abetted each other and together engaged in fraud by causing an unlawful conversion and fraudulent transfer" of the Celsius shares without Russell's consent or knowledge. He claims that Kimora and her new husband transferred his shares to themselves. Russell claims his new accountants discovered a "substantial unexplained change" in his interests in Celsius.
Russell is asking a judge for damages against Kimora and Leissner and believes he should be awarded restitution for interest and equal value for the wrongfully obtained shares. Interestingly, Russell says he sent his ex-wife a letter on May 5, 2021, pleading with her to do the right thing and avoid a lawsuit. He wrote to her, "to get the important family matter of the Celsius shares to a close so that we can put it behind us and carry on as the loving united front we have always been."

11 comments:

Anonymous said...

All of them are assholes.

Anonymous said...

Them the breaks kid.

Anonymous said...

Kimora deserves to get sued if this is in fact true.

Anonymous said...

Wow, she is lucky he doesn't file criminal charges. She's hoping his love for their kids will soften his heart, but her enriching another man at his expense will make him go hard. So, she went from getting money from a rich ex husband to stealing for her new husband. Smh

R in NYC said...

I cant help but laugh. Russel deserves nothing but stress and aggravation.

NiyabinghiWerewolfObeahWoman said...

Rich peoples problems.

Unknown said...

I remember when Russell was in the thick of rape and sexual assault allegations and Kimora stood by his side and released statements of support. And that was just last year! Lol smh. Why couldn't Russ go to them privately and work out a way to get the money back from them? The Leissner guy is still facing criminal charges and a federal investigation they don't have the money and this lawsuit is only going to make things worse for Kimora and her husband.

I thought loyalty stood for something lol

Anonymous said...

Both are greedy, money hungry, psychopaths.

Is Russell still in Asia hiding from the Feds and preying on underage Southeast Asian boys?

Anonymous said...

They all need to go down, right next to Dump and his lies & theft. Greedy MF's Bloop

LaLa said...

@3:41-EXACTLY!

Anonymous said...

Nooooot that she didnt have ten mill cash its just that she needed a ligit source,

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