STOLEN: Russell Simmons sues ex-wife Kimora Lee-Simmons for allegedly stealing energy stock
Source: Instagram
Def Jam founder, Russell Simmons recently launched a lawsuit against ex-wife Kimora Lee-Simmons and her current husband for allegedly stealing some of his Celsius Energy Drink stock.
Apparently, Kimora and her current husband, Tim Leissner used Russell's Celsius stock shares to pay for Leissner's legal fees, according to The Blast.
But, now his lawyers say Kimora and Leissner allegedly “conspired with each other, aided and abetted each other and together engaged in fraud by causing an unlawful conversion and fraudulent transfer” of Russell’s Celsius shares without his consent or knowledge.
Russell alleges that he would not have known if it weren't for his accounts, who identified that the shares had been transferred by Kimora and Leissner without Russell's consent or knowledge.
Source: Shuttershock
According to Rolling out, On May 5, Russell sent his wife a letter in hopes of rectifying the issue privately instead of filing the lawsuit. The letter was an effort “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.”
“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,” the letter read.
Leissner was charged by the DOJ in 2019 due to conspiring to launder money and violation of the Foreign Corrupt Practices Act. It is reported that Leissner, a former Goldman Sachs executive agreed to surrender $43.7 billion in damages and to a permanent ban from the securities industry.