Tuesday, October 25, 2022

Kimora Lee Simmons' Ex Husband Accused of Looting Baby Phat


Last year during the fraud trial for Kimora Lee Simmons' estranged husband Tim Leissner, he was exposed as a double bigamist who lied about his wealth [click here if you missed that]. 

Now Tim is being accused of stealing millions from Kimora's beloved Baby Phat company...

A Purchase business that owns part of the Baby Phat fashion brands is suing another co-owner for $10 million for allegedly stealing funds.
Loconte Family LLC accused Keyway Pride Limited, of Sacramento, California, of fraud, in a July 7 complaint filed in Westchester Supreme Court.
Loconte contends that Tim Leissner, an admitted fraudster and the estranged husband of Baby Phat Holding Co. CEO Kimora Lee Simmons, somehow got his hands on Baby Phat funds.
Loconte “is perplexed how Keyway allowed Leissner … to simply convert $5 million of cash without Keyway’s knowledge,” the complaint states.
The complaint does not name Simmons or Leissner as defendants. It accuses Keyway of fraud, breach of fiduciary duty, and conversion, and is demanding $10 million.
Attempts to find contact information for Simmons and Keyway, to ask for their side of the story, were unsuccessful. 

17 comments:

Anonymous said...

Dam, the transfer of wealth always out of our community

Anonymous said...

She sure knows how to pick em

Anonymous said...

Sounds about white 🧔🏼‍♂️

NyahbinghiObeahWomanWarrior said...

No phucks to give here.

Anonymous said...

Afterall he is an international thief. Bet Kimora didn't see that coming. Hope she got enough of his cash to put it back.

R in NYC said...

Lifestyles of the rich and fraudulent. They deserve their own American Greed episode.

Anonymous said...

She should have known better. Not many Yt men are going to marry a woman with black babies/children.

He knew should she had some coins to embezzle. A triangle of thieves. KL used her puss to get Russ for coins. Russ ran to another country to put semen in little boys and the Yt husband stole from them all. Sounds like a Lifetime movie to me.

Just some gut said...

Karma for the gold digger

Anonymous said...

Schemin' demon.

Anonymous said...

@Anonymous at 2.12pm, your first sentence is ludicrous.Kimora's beauty and highly successful supermodel career attracted men by the droves, Russ was no exception.

Anonymous said...

VOTE NEGROS!!

Anonymous said...

@5:48 PM She went for the highest bidder.
She is only beautiful if you like her look. Bloop

Anonymous said...

I didn’t even know they were divorced.

Anonymous said...

I didn't even know she remarried or I probably did and just forgot.

Anonymous said...

Shady Grady

Ohwell said...

What whyt man you know that don't steal.

Musicman1978 said...

Damn karma spun da block it took a while but the damage it caused was crazy...

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