She now wants the suit against her thrown out. He testified against his former deputy Roger Ng in a 2022 trial. She argued that the shares were not sold but are being temporarily held by the government in exchange for her husband’s bond and will be returned. Leissner was banned for life by the Securities and Exchange Commission and forced to pay a 43 million fine. Kimora states Russell has no proof she or her husband stole from him. He also sold off his interest in the company and other assets to another company called Keyway Pride LTD for $14.25 million. However, in newly filed documents obtained by Radar Online, Kimora’s attorney stated, “at the time Defendants used the Celsius shares for purposes of the bond in connection with the federal case, Lee understood and believed that Defendants were authorized to use the shares for the bond.” Furthermore, the Baby Phat founder claims Russell resigned from the board of Nu Horizons well before the transfer was initiated. Tim Leissner, former chairman of Southeast Asia for Goldman Sachs Group Inc., center, departs from federal court in the Brooklyn borough of New York, U.S., on Tuesday, Feb. Russell Simmons and Kimora Lee Simmons during 2003 Film Live Movie Awards Red Carpet at Jackie Gleason Theater in Miami Beach, Fl, United States. In his claim, Simmons says 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. Now Russell wants to be reimbursed with interest restitution. However, says Kimora refused to communicate with the businessman. 6 hours ago &0183 &32 A 32-year-old man who worked at a Loop neighborhood school was fatally shot Thursday night by another resident of the high-rise building where he lived, police said. The Def Jam co-founder says he tried to handle the issue privately. In 2018, the former Goldman Sachs managing director pleaded guilty to charges related to a $2.7 billion money-laundering scheme out of Malaysia. ![]() He was ordered to pay 43.7 million and became a. In May 2021, veteran music executive Russell Simmons filed a lawsuit against Kimora and her husband, Tim Leissner, for allegedly transferring and using Russell’s shares from Celsius’s energy drink company as collateral for Leissner’s bond in his court case. One of them, Tim Leissner, Ng’s former boss at Goldman Sachs, pleaded guilty in 2018 to bribing government officials in Malaysia and Abu Dhabi. Former fashion designer Kimora Lee Simmons maintains that her ex-husband’s fraud allegations against her are just that, fraud.
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