Russell Simmons Is Suing Ex-Wife Kimora Lee Simmons, Accuses Her Of Fraud

Russell Simmons Is Suing Ex-Wife Kimora Lee Simmons, Accuses Her Of Fraud
Russell Simmons Is Suing Ex-Wife Kimora Lee Simmons, Accuses Her Of Fraud

According to The Blast, Russell Simmons is suing his ex-wife, Kimora Lee Simmons, and her new spouse, Tim Leissner, for reportedly moving and using his shares in an energy drink company to cover Leissner’s legal bills.

In the court records acquired by The Blast, Russel, his ex-wife, and her husband all contributed millions of dollars in the Celsius energy drink brand.

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Kimora and Leissner allegedly “conspired with each other, aided and abetted one other, and collectively participated in fraud by inducing an unlawful conversion and fraudulent transfer” of the Celsius shares without Russell’s knowledge or approval.

Kimora and her new spouse, he claims, have transferred his shares to themselves. What’s even more bizarre is that Kimora’s husband pled guilty in November 2018 to criminal conspiracy to violate the Foreign Corrupt Practices Act and conspiracy to commit money laundering.

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Russel believes the shares were stolen to finance Kimora’s new man’s legal bills. She knew full well that Leissner would need tens of millions of dollars to avoid jail time, stay out on bail, and forfeit monies for victim compensation”  – $44 million to be precise. Russell argues that they used his Celsius shares as security for Leissner’s bail, and he wants his Celsius shares back.

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