Russell Simmons Is Suing Ex-Wife Kimora Lee Simmons, Accuses Her Of Stealing Stock Shares To Pay Current Husband’s Bail In Money Laundering Case

Russell Simmons has filed a lawsuit against his model ex-wife, who is also the mother of his two daughters, Ming Lee Simmons, 21, and Aoki Lee Simmons, 18.

Russell Simmons is suing Kimora Lee Simmons and her husband Tim Leissner for allegedly taking his shares from an energy drink company, Celsius, to pay Tim Leissner’s legal fees. Specifically, he said the shares are allegedly being used as collateral for a bond related to federal charges against Tim Leissner, according to The Blast. Leissner pleaded guilty to criminal conspiracy to violate the Foreign Corrupt Practices Act and conspiracy to commit money laundering in 2018.

Russell argued that his ex-wife,

 “knew full well that Leissner would need tens of millions of dollars [$44 million] to avoid jail time, stay out on bail, and forfeit monies for victim compensation.”

Russell said Kimora Lee Simmons and Leissner used the shares as collateral and he wants them back.

Russell alleges he and Kimora Lee Simmons invested millions of dollars into the energy drink company years ago. Now, he claims Kimora and her new husband allegedly

 “conspired with each other, aided and abetted each other and together engaged in fraud by causing an unlawful conversion and fraudulent transfer.”

Russell maintains he didn’t know about the alleged transfer, let alone give permission for it.

He said his suspicions were raised when his new accountants came across a “substantial unexplained change” concerning his stake in Celsius.

He’s requesting damages and restitution for interest and equal value of the shares in question. He also said he wrote her a letter on May 5 to address the ordeal, telling her,

“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.”

He also reportedly wrote,

“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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