Kimora Lee Simmons Denies Accusations That She Helped Husband Tim Leissner Hide Millions Of Dollars Of Embezzlement Money
Kimora Lee Simmons Denies Accusations That She Helped Husband Tim Leissner Hide Millions Of Dollars Of Embezzlement Money
Kimora Lee Simmons is asserting her innocence after being dragged into her husbands embezzlement trial.
Lawyers for Baby Phat owner and fashionista Kimora Lee Simmons say that despite claims made against her, she is innocent of any wrongdoing in her husband Tim Leissner’s embezzlement scheme, and adamantly claims that she did not help him hide money.
The trial against former Goldman Sachs star executive banker Tim Leissner and his associates, Roger Ng and Jho Low continues, and is now involving the bankers estranged wife – former runway model Kimora Lee Simmons.
According to recent reports, lawyers for Ng – who Leissner is testifying against as the mastermind planner in defrauding the 1MDB sovereign development fund – are asking the court judge to allow them to present evidence that Kimora helped her husband launder $80 million of money stolen from 1MDB by using multiple shell corporations.
Reportedly, Kimora is listed as the owner of shell companies registered in Seychelles, Delaware, and California that were used by Leissner to funnel illegal cash.
In legal documents, Ng’s lawyers also claim that 46-year-old fashion mogul and her 50-year-old banker husband:
“Traveled to Lichtenstein in 2018 “for the express purpose of creating a trust for ‘asset protection’ — hiding Leissner’s ill-gotten gains, which had been transferred to Ms. Simmons Leissner’s name.”
However, Kimora’s legal team vehemently denies all allegations and says that Kimora is completely innocent in this situation. Her attorney stated:
“The allegations made by Mr. Ng’s counsel against Kimora are patently false and we look forward to a successful conclusion in court.”
While federal prosecutors have asked the judge to exclude any communications between Kimora and her estranged husband from evidence, based on marital privilege, Ng’s lawyers claim that due to Leissner admitting to forging divorce documents prior to marrying Kimora, their marital privilege doesn’t apply.
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