Baller Alert
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
Baller Alert
No Result
View All Result

Kimora Lee Says Russell Simmons Lawsuit Is A “Desperate PR Ploy”

by Crystal Gross
May 22, 2021
Reading Time: 2 mins read
0
Following Her Public Dispute With Russell Simmons

kimora simmons

Share on FacebookShare on Twitter

Two days after, Russell Simmons filed a lawsuit against his ex-wife, Kimora Lee Simmons, claiming she stole shares of his stock to help bond her new husband out of jail.

“Kimora and her children are shocked by the extortive harassment coming from her ex-husband, Russell Simmons, who has decided to sue her for shares and dividends of Celsius stock in which Kimora and Tim Leissner invested millions of dollars,” the statement read. “This is an ill-advised attempt by Russell to use the legal system to access funds he is in no way entitled to, and which his own legal team confirms Russell did not pay for,” Kimora’s legal team said.

“Russell’s continued aggressive behavior not only blatantly distorts the facts, but is simply a desperate PR ploy ignoring the years of mental and emotional anguish, gaslighting, and ongoing harassment he has inflicted on Kimora,” the statement continued. “Russell will be held accountable for his serial abuse, and we will confront his baseless claims that he is warranted Celsius stock dividends despite his self-admitted zero contribution. This extortion attempt is especially egregious given that Russell remains contractually in debt to Kimora for millions of dollars in unpaid business loans. Our team is actively working to put a firm end to his harassment, which continues despite Russell having fled the country – he will face his own in the US court.”

Court documents say Simmons accused his ex-wife and Leissner of unlawfully transferring his funds into their account in 2018, a transaction he didn’t discover until 2019.

Kimora’s new husband pleaded guilty to criminal conspiracy to commit money laundering to steal billions from 1MDB, a Malaysian wealth fund. He forfeited around $44 million to get out of jail time, Forbes reported.

“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,” Russell wrote in a statement. “This, by the way, having been done under an illegal transfer of my funds that I had no knowledge of and would have never agreed to.”

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on Mastodon (Opens in new window) Mastodon
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Pinterest (Opens in new window) Pinterest

Like this:

Like Loading...

Discover more from Baller Alert

Subscribe to get the latest posts sent to your email.

Tags: Kimora Lee SimmonslawsuitNewsRussell Simmons

Related Posts

Edward Kelley Sentenced to Life Imprisonment for FBI Murder Plot
News

He Wanted FBI Blood: Pardoned Jan. 6 Militia Leader Now Faces Life Behind Bars

July 2, 2025

Former Jan. 6 defendant Edward Kelley has been sentenced to life in federal prison after being convicted of conspiring to murder...

Diddy’s Infamous Freak-Off Tapes Played in Courtroom—Jurors Left Stunned
News

Diddy to Remain Locked Up Until Sentencing—Cassie’s Bombshell Letter Helped Seal His Fate

July 2, 2025

Sean “Diddy” Combs will stay behind bars until his sentencing after a federal judge denied him bail. Judge Arun Subramanian ruled Combs...

Senator Elizabeth Warren Demands Investigation Into Paramount’s $16M Settlement With Donald Trump: “Could Be Bribery in Plain Sight”
News

Senator Elizabeth Warren Demands Investigation Into Paramount’s $16M Settlement With Donald Trump: “Could Be Bribery in Plain Sight”

July 2, 2025

Senator Elizabeth Warren is sounding the alarm after Paramount Global agreed to pay $16 million to settle Donald Trump’s lawsuit...

Jay-Z Sues Attorney Tony Buzbee for Defamation, Cites $20 Million in Lost Deals Over False Claims
News

Tony Buzbee Wants Jay-Z to Pay After Court Tosses Lawsuit

July 2, 2025

Tony Buzbee isn’t just walking away from Jay-Z’s lawsuit and he’s planning to cash in. After a California judge dismissed...

Next Post
Casey Anthony Launches TikTok Series, Claims She’s Advocating for Daughter She Was Accused of Killing

Juror From Casey Anthony Trial Says “My Decision Haunts Me” Ten Years After Verdict

Leave a ReplyCancel reply

Baller News

Subscribe To Our Newsletter

* indicates required

Follow Us

Subscribe to Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

© Copyright 2024, Baller Alert Inc. All Rights Reserved

No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
%d