Photo may have been deleted

WENN.com

Russell Simmons is suing his ex-wife Kimora Lee for allegedly using his company stock to pay her husband Tim Leissner's bail and legal bills.

In the complaint, Simmons accused both Lee and Leissner of breach of contract, fraudulent concealment and breach of confidential relations, among other charges.

WENN.com

Simmons alleges that he, Lee and Leissner entered into a business arrangement in 2016 when they joined his investment company Nu Horizons.

He said Nu Horizons made "considerable investments" in the "tens of millions of dollars" to Celsius Holdings, Inc. - a publicly traded energy fitness drink company.

WENN.com

The lawsuit alleges that when Leissner was arrested on money laundering charges in 2017, he and Lee "conspired" to "fraudulently transfer" almost 4 million Celsius shares to themselves.

Randy Brooke/WireImage

They then allegedly sold the stocks to pay defense lawyers to represent Leissner. The couple is pictured with their son, Wolfe, in 2015.

Leissner pleaded guilty to criminal conspiracy to commit money laundering for the theft of billions of dollars from Malaysian wealth fund 1MDB in 2018. In order to avoid jail time, he agreed to forfeit nearly $44 million, reported Forbes.

Russell Simmons enjoys the beach with his family in the Bahamas

BACKGRID

Simmons' lawsuit reads:

"Awaiting his plea deal and sentencing, Defendants Leissner and Lee, knowing full well that they would be required to pay tens of millions for bail and possible victim compensation, conspired and effectuated... an unlawful fraudulent scheme."

Simmons claims he didn't discover the fraud until July 2019. He asked Lee and Leissner to settle the matter out of court and return the shares, as well as pay punitive damages and attorney costs, but they apparently refused.

An attorney representing Lee and Leissner called the lawsuit "baseless".

Actress Gabrielle Union, right, wasn't in the mood to take pictures at the photocall for the L.A.'s Finest TV Series with co-star Jessica Alba in Madrid on Monday.

Photo by BACKGRID

Read more »

Russell Simmons (not pictured) and ex-wife Kimora Lee Simmons took their children, Aoki Lee Simmons, 15, Ming Lee Simmons, 18, Kenzo Lee Hounsou, 9, and Wolfe Lee Leissner, 3, to lunch at Il Pastaio after attending Ming Lee's high school graduation on Monday, June 11.

Read more »

Russell Simmons Jenny Lumet

Music and film mogul Russell Simmons quit his empire after screenwriter Jenny Lumet accused him of raping her in 1991.

In a statement issued on Thursday, Simmons said Lumet's "memory of that evening is very different from mine." He added: "I don’t want to be a distraction so I am removing myself from the businesses that I founded."

Read more »

Terry Crews Brett Ratner Russell Simmons

Actor Terry Crews, pictured left, called out Hollywood mogul Russell Simmons, right, for asking him to give talent agent Adam Venit a pass and help him get his coveted job back. Crews, 49, accused Venit of grabbing his genitals at a party in Feb. 2016.

Read more »

Kerry Washington at 2015 Baby2Baby Gala

Scandal actress Kerry Washington looked smashing at the 2015 Baby2Baby Gala honoring her at 3LABS in Culver City, CA. on Saturday. Kerry wore a sheer lacy prom dress by embellished with lace floral 3D motifs from Glambattista Valli's Spring 2015 collection. Don't you LOVE Kerry's girly innocence?
Photos: INFphoto.com

Read more »