This is a wild story.
Russell Simmons tried to get his ex-wife to do the right thing, so he didn’t have to get the lawyers involved, but sadly that didn’t happen.
In court documents obtained by The Blast, the entertainment mogul claims he, his ex-wife, and her husband invested tens of millions of dollars in the Celsius energy drink company. 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 the Celsius shares without Russell’s consent or knowledge. He claims that Kimora and her new husband transferred his shares to themselves. Russell claims his new accountants discovered a “substantial unexplained change” in his interests in Celsius… something that didn’t sit well with him and his lawyers.
Kimora’s husband plead guilty to criminal conspiracy to violate the Foreign Corrupt Practices Act and conspiracy to commit money laundering in November 2018. Simmons claims Kimora and Leissner “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 exact. Russell claims they used their Celsius shares as collateral for Leissner’s bail, and Russell wants his Celsius shares returned.
Russell said, “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.”
Wild.
Give that man his shares back.
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