Russell Simmons Sues Kimora Lee Simmons Claiming She Stole Stocks to Pay Her Husband’s Bail
Russell Simmons is suing his ex-wife, Kimora Lee Simmons, and her husband Tim Leissner for allegedly selling his stolen stocks to pay for Leissner’s bail fees.
PEOPLE obtained newly filed court documents that claim that Lee, 46, and Leissner, 49, transferred 4 million shares of Simmons’ stock in energy drink Celsius to cover Leissner’s bail fees relating to a money laundering case. He tried to get his 50% of shares back from Lee to no avail.
“Throughout my entire decades-long partnership with you I’ve done everything and anything to protect and promote our family. I have never said no to any request and have always gone against my own council to offer up much more than any judge would ever require of me in order to keep the peace,” he 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.”
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Simmons brings up Leissner’s criminal case in the suit adding that he pleaded guilty to criminal conspiracy to commit money laundering for the theft of billions from a Malaysian wealth fund.
“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, Defendants engaged in this blatant fraud to achieve that nefarious and unlawful goal,” the complaint added.
