Wednesday, March 02, 2022

Kimora Lee Simmons Accused of Helping Hubby Launder Stolen Millions

Two years ago Kimora Lee Simmons' husband Tim Leissner pleaded guilty in a billion dollar Malaysian bond fraud case and agreed to testify against his cohorts [click here if you missed that]. 

Now Kimora is being accusing of helping Tim hide the stolen money...

Leissner, the disgraced former star banker for Goldman Sachs, is the government’s star witness in its case against alleged fraudster Roger Ng.
Ng’s lawyers are asking a Brooklyn federal court judge to allow them to present evidence that Simmons, the ex-wife of hip hop mogul Russell Simmons, helped Leissner launder at least $80 million of money that was stolen from 1MDB.
Simmons is listed as the owner of shell companies registered in Seychelles, Delaware, and California that were used by Leissner to funnel cash obtained from a “Kuwaiti sheikh,” Ng’s legal team claims in court documents.
Ng’s lawyers claim that Leissner and Simmons traveled to Lichtenstein in 2018 “for the express purpose of creating a trust for ‘asset protection’ — hiding Leissner’s ill-gotten gains, which had been transferred to Ms. Simmons Leissner’s name.”
Attorneys for Simmons rejected the allegations and said their client did nothing wrong. They also claim that any communications between Simmons and Leissner are protected under marital privilege laws and are thus inadmissible in court.

Fun Fact: Last month Leissner testified under oath that he submitted fake divorce documents for two of his three marriages [click here if you missed that].