Russell Simmons Fires Back After Receiving Legal Threats From Business Partner

Russell Simmons Fires Back After Receiving Legal Threats From Business Partner
Entertainment
Like Us On Facebook
Like Us On Facebook

Things are heating up between Russell Simmons and his ex-business partner. After receiving legal threats, Simmons is firing back!

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. 

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Max Grunner

Elite Daily is a medium for people tired of disingenuous content; we have sought to create a space where stimulating, applicable content can reach a like-minded audience.

More In Entertainment

Also On Elite

Envision

These 25 Photos Prove Having College Roommates Isn’t Easy By Any Means

We’ve all had that one roommate who drove us absolutely insane. Perhaps you consider your older brother or sister a roommate, or maybe you’ve somehow managed to get through two years of college with someone “accidentally” eating your food and leaving the toilet seat up. We’ve all been there. Your parents will be the last […]

Life

Drunk Talk Is Real Talk: The Science Behind What You Said Last Night

Oh God. Oh God. Jesus Christ. No you’re not in church. You’re not witnessing a murder, and you’re definitely not having an orgasm. Those are just the words you utter during the morning recollections of last night. These are the words you’re whispering to yourself or shouting aloud as you lie in bed, hands over […]

World

Researchers Say The Current Ebola Outbreak Can Be Traced Back To A Fruit Bat

A team of disease experts from Europe and Africa believe that the ongoing Ebola outbreak can be traced back to a young boy who was bitten by a fruit bat. According to Daily Mail, the 17 researchers arrived at their conclusion after spending three weeks studying the disease in Nigeria, Ivory Coast, Liberia and, most […]