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Russell Simmons Accuses Ex Wife Kimora Of Fraud In Lawsuit

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The hip hop icon has accused his former wife, Kimora Lee Simmons, of stealing his shares from an investment to bail her new husband out of jail

Hip-hop mogul Russell Simmons claims his ex-wife Kimora Lee Simmons stole from him.

Russell has accused his former wife of stealing his shares from an investment to pay her new husband’s legal fees and has filed a lawsuit against the mother of his two children and her husband, Tim Leissner.

Kimora Lee Simmons and Tim Leissner attend The Weinstein Company & Netflix’s 2014 Golden Globes After Party on January 12, 2014 in Beverly Hills, California.

Simmons claims Kimora used shares from an energy drink company they invested in called Celsius. The shares were used as collateral for a bond connected to federal charges against Leissner.

Back in 2018, Leissner pleaded guilty to criminal conspiracy to violate the Foreign Corrupt Practices Act and was hit with conspiracy to commit money laundering, per Forbes.

Russell alleges that the mother of his daughters Ming Lee Simmons, 21, and Aoki Lee Simmons, 18, “knew full well that Leissner would need tens of millions of dollars [$44M] to avoid jail time, stay out on bail, and forfeit monies for victim compensation.”

Russell alleges that years ago he and Kimora invested millions into the energy drink. He adds that he became suspicious when he noticed “substantial unexplained change” in regards to his shares.

He claims the couple, “conspired with each other, aided and abetted each other and together engaged in fraud by causing an unlawful conversion and fraudulent transfer.”

Kimora Lee Simmons and Tim Leissner attend The Weinstein Company & Netflix’s 2014 Golden Globes After Party on January 12, 2014 in Beverly Hills, California.
Kimora Lee Simmons and Tim Leissner attend The Weinstein Company & Netflix’s 2014 Golden Globes After Party on January 12, 2014 in Beverly Hills, California.

The entrepreneur and mogul said he is upset over the ordeal and wrote her a letter on May 5.

“I am shocked and saddened to see how your side has behaved in response to my repeated attempts to get an agreement from you to rightfully and legally reaffirm my 50% of the Celsius shares…which have been locked up with the government after being used for your husband’s bail money.”

Russell is seeking damages and restitution for equal value of the shares and interest,”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.”