Russell Simmons accuses ex-wife of fraud in new proceedings


Hip-hop icon accused his ex-wife, Kimora Lee Simmons, of stealing his stock from an investment to rescue her new husband from prison

Hip-hop tycoon Russell Simmons Claim his ex-wife Kimora Lee Simmons I stole from him.

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Russell has filed a lawsuit against the mother and husband of her two children, accusing her ex-wife of stealing shares from an investment to pay her new husband’s statutory costs. Tim Reisner, Around Jasmine brand..

Simmons claims to have used a stock called Celsius, an energy drink company invested by Kimora. The shares were used as collateral for bonds related to the federal accusation against Reisner.

In 2018, Reisner pleaded guilty to a criminal conspiracy to violate the Foreign Corrupt Practices Act and was hit by a conspiracy to launder money. Around Forbes.

Russell is his daughter’s mother Minh Le Simmons, 21, and Aoki Lee Simmons, 18, “I knew enough that Ricener needed tens of millions of dollars. [$44M] This is to avoid prison time, pay bail, and confiscate money to compensate victims. “

Russell A few years earlier, he and Kimora claimed to have invested millions of dollars in energy drinks. He added that he became suspicious when he noticed “substantial unexplained changes” in his stock.

He claims that the couple “collusioned with each other, helped each other, beaten each other, and engaged in fraud together by causing illegal conversion and fraudulent transfers.”

Kimora Lee Simmons and Tim Reisner will be attending the Weinstein Company and Netflix 2014 Golden Globe Awards Afterparty on January 12, 2014 in Beverly Hills, CA.

Kimora Lee Simmons and Tim Reisner will be attending the Weinstein Company and Netflix 2014 Golden Globe Awards Afterparty on January 12, 2014 in Beverly Hills, CA.

Entrepreneurs and mogul said he was angry with the trials and wrote to her on May 5.

“I was shocked to see how your side acted in response to my repeated attempts to reach an agreement to reaffirm 50% of Celsius shares legitimately and legally. I’m sad. Your husband’s bail. “

Russell seeks damages and compensation for the equivalent value of stock and interest. “

The couple split in 2009.

Simmons may have taken legal action against his ex-wife, but he is currently in a hot spot on allegations of sexual abuse. 2020, HBO documentary On record Simmons was released for sexually assaulting several women.

He responded to the complaint in June 2020 Breakfast clubSaying he did not intentionally sacrifice anyone, as reported by theGrio..

Simmons defended himself by appearing on a popular morning show, but one of the victims was angry with the show and hosted him for his ride.

Z Spoke By Zac Posen-Front Row-Spring 2011 MBFW

Kimora Lee Simmons, Russell Simmons and Director Brett Ratner will be attending Z Spoke by Zac Posen’s Spring 2011 fashion show in New York City on September 11, 2010. (Photo courtesy of Michael Loccisano / Getty Images for IMG)

“I can never say that I don’t feel that someone has been sacrificed … it can I tell you I don’t feel like I’ve sacrificed them, “he said. Said.

He then revealed that his conscience was evident in the matter, given what he said he had taken “nine separate three-hour lie detector tests.”

Simmons then kept saying that when he read the account by the writer Jenny Lumet,she is Description He believed in her explanation of how he was allegedly assaulted after providing her with a car to go home.

But he also said he believed the case was a “misunderstanding” and thought that the gender had reached an agreement and she felt it wasn’t.

“When I read it, it broke my heart,” he admitted during the interview. “I had never heard of it, but thirty years later I read it and believed in her.”

Additional report by Blue Telusma

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