Simmons has made it very clear to the people at TMZ that he did NOT embezzle millions of dollars through his sneaker company — and any accusations otherwise are the workings of a “disgruntled” employee!
Former Run Athletics President Rasheed Young threatened to sue Russell and Reverend Run … claiming they had screwed him out of millions, by secretly transferring revenue from their company into a separate account!
Russell was out in L.A. Monday and told TMZ that any accusations of hiding profits are 100% “not true”.
He continues, “[Rasheed] worked for me … I fought to keep his job … and I’m sorry he’s disgruntled, but that’s what happens. Anyone can say anything if a celebrity’s name’s attached to it … there’s nothing I can do about it … it’s false.”
Russell adds, “We never stole any money from anybody.”
Ashton Tyler | Elite.