Ex-Goldman Sachs 1MDB Banker Owes A Hip-Hop Mogul Millions Of Dollars? - News Summed Up

Ex-Goldman Sachs 1MDB Banker Owes A Hip-Hop Mogul Millions Of Dollars?


(Photo by Jeff Vespa/Getty Images for The Weinstein Company) Getty Images for The Weinstein CompanyThe saga continues for former Goldman GS Sachs banker Tim Leissner and his wife Kimora Lee Simmons, as her ex-husband Russell Simmons claims they owe him millions of dollars. He has filed a lawsuit against the couple for allegedly transferring and using his shares of an energy drink company called Celsius. Simmons alleges that his shares of Celsius are being used as collateral to pay a bond in connection with these criminal charges. Goldman Sachs last year agreed to pay the Malaysian government $3.1 billion, to settle claims in the 1Malaysia Development Berhad (1MDB) fund. CultureBanx notes that one of the main people who got the bank involved in this scandal was Kimora Lee’s husband Tim Leissner.


Source: Forbes June 01, 2021 12:22 UTC



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