Russell Simmons sues ex Kimora Lee for allegedly stealing stocks

Russell Simmons and Kimora Lee’s divorce was finalized greater than a decade in the past, however they could need to face one another in courtroom as soon as once more.

The music government, 63, sued the mannequin, 46, and her husband, Tim Leissner, on Tuesday for allegedly trying to fraudulently switch Simmons’ practically 4 million Celsius shares to their accounts to assist pay for Leissner’s authorized and bail charges stemming from a 2018 cash laundering case, based on Los Angeles County Superior Court paperwork obtained by Page Six on Friday.

Simmons claimed within the paperwork that he “has repeatedly tried for years to avoid filing this lawsuit and resolve it amicably.” He mentioned he most just lately tried to settle the matter with out the courtroom’s involvement in a letter to Lee urging 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.”

Simmons’ letter to his ex-wife, which was included within the lawsuit, reads partly, “As , all through my total many years lengthy partnership with you I’ve executed every little thing and something to guard and promote our household. I’ve by no means mentioned no to any request and have all the time gone towards my very own council to supply up rather more than any decide would ever require of me with the intention to preserve the peace.

“I have invited you to share in many of my business opportunities including introducing you to Celsius which has been very lucrative for you. 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. This, by the way, having been done under an ILLEGAL transfer of my funds that I had NO KNOWLEDGE OF and would have never agreed to.”

A 2018 Forbes article reported that Leissner, now 49, pleaded responsible to felony conspiracy to commit cash laundering from Malaysian wealth fund 1MDB and agreed to pay $44 million to keep away from jail time. Simmons alleged in his lawsuit on Tuesday that he didn’t study of Lee and Leissner’s alleged fund transfers till July 2019.

Simmons, who shares two daughters with Lee, claimed in his go well with, “In short, knowing full well that Defendant Leissner would need tens of millions of dollars to avoid jail time, stay out on bail and forfeit monies for victim compensation, [they] engaged in this blatant fraud to achieve that nefarious and unlawful goal.”

Reps for Simmons and Lee didn’t instantly get again to us, however Lee’s counsel told Entertainment Tonight in a statement, “Kimora and her kids are shocked by the extortive harassment coming from her ex-husband, Russell Simmons, who has determined to sue her for shares and dividends of Celsius inventory by which Kimora and Tim Leissner invested hundreds of thousands of {dollars}. This is an ill-advised try by Russell to make use of the authorized system to entry funds he’s by no means entitled to, and which his personal authorized staff confirms Russell didn’t pay for.

“Russell’s continued aggressive behavior not only blatantly distorts the facts, but is simply a desperate PR ploy ignoring the years of mental and emotional anguish, gaslighting, and ongoing harassment he has inflicted on Kimora. Russell will be held accountable for his serial abuse and we will confront his baseless claims that he is warranted Celsius stock dividends despite his self-admitted zero contribution. This extortion attempt is especially egregious given that Russell remains contractually in debt to Kimora for millions of dollars in unpaid business loans. Our team is actively working to put a firm end to his harassment, which continues despite Russell having fled the country – he will face his own reckoning in the U.S. court.”

Simmons and Lee had been married from 1998 till 2009. She tied the knot with Leissner in 2013.

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