Megan Thee Stallion is giving away $1 million worth of stock to teach fans how to "build your own empire" with her new "Investing for Hotties" initiative.
The voluptuous rapper's fans helped her to build wealth and now she wants to return the favor.
"Me and my thriving empire, Hot Girl Enterprises, have teamed up with Cash App to teach you everything I learned on the way up about money and how you can build your own empire.
"Buying stocks isn't only for the big players. Anyone can start with as little as $1. Putting in a little money and seeing how it moves is a great way to learn about the stock market and start building up a portfolio."
Fans who hope to win stocks can comment on her latest Instagram post with "$cashtag" for a chance to win the stocks.
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The "WAP" hitmaker, who was named one of the 100 most influential people in the world by Time magazine last year, urged investors to start small, adding, "With Cash App, you can buy and sell small pieces of stock called fractional shares, and ease your way in nice and slow.
"Buying stocks seems complicated, but really it's a pretty simple process. The more you educate yourself the more equipped you'll be to navigate investing. With my knowledge and your hustle, you'll have your own empire in no time."
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.
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.
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.
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.
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".
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