Dr. Dre’s Record Company Accuses Estranged Wife Nicole Young Of Draining Bank Account!
Just days after Nicole Young accused her estranged husband Dr. Dre of creating a new “holding company” where he allegedly “transferred his assets such as his trademarks for “Dr. Dre” and “The Chronic” after kicking her out of their home back in June, she’s now being accused of draining out money from one of their joint bank accounts.
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According to TMZ, a company Dr. Dre and his wife founded together back in 2015, is accusing her of draining the primary business account dry and even criminal embezzlement. In an obtained letter that was sent off to Nicole Young by attorneys for Record One recording studio, alleges all of the wrongdoing by Nicole — claiming she “decimated” the company’s bank account last month to the tune of $363,571.85. Attorney Ed McPherson, who reps the LLC that operates Record One, even attached the check Nicole wrote to herself, TMZ reports.
Not only does the letter accuses Nicole of “blatant and unjustifiable criminal embezzlement of corporate funds,” but also a breach of her fiduciary duties. As the news site notes, Record One is operated by an LLC, and Dre, Nicole, and a guy named Larry Chatman, who demand Nicole return the cash they claim she took no later than a week from Tuesday. If she doesn’t, the attorneys say they’ll be filing suit against her.
Meanwhile, Nicole’s lawyer, Bryan Freedman, tells TMZ, “This is just a low-grade PR stunt by Andre and his team to try to change the fact that he was caught red-handed and sued for trying to cheat Nicole out of community property to which she is entitled. There is no question that Nicole had both the contractual and the legal right to have taken this action and Andre’s team is well aware of this fact. Any suggestion she did something untoward is preposterous and pathetic.”
Press Play Below For More On Their Divorce:
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