Search
Close this search box.

Kimora Lee Simmons Fires Back At Claims That Her ‘Suspicious’ Husband Financed Her ‘Corrupt’ Fashion Line

corrupt fashion*After The New York Post published a report Thursday that Kimora Lee Simmons’ signature fashion line is at the center of a corruption probe, the designer fired back at the claims — denying that her husband financed her company.

Page Six’s Richard Johnson claims that it is widely believed that the fashion line Kimora launched three years ago was financed by her husband Tim Leissner.

The banker left Goldman Sachs under a cloud of suspicion last year after raising $6.5 billion for a Malaysian development fund. The FBI and investigators in four other countries are tracing hundreds of millions of dollars allegedly transferred to Malaysian Prime Minister Najib Razak.

“Goldman Sachs was paid exorbitant fees for selling the bonds,” one lawyer who has followed the case said. “The prosecutors, if they do their job, will seek to claw back the commissions.”

A Goldman Sachs spokesman said Thursday, “Leissner left Goldman shortly after we discovered an unauthorized recommendation letter he wrote.”

OTHER NEWS YOU MIGHT HAVE MISSED: ‘The Real’/3LW Reunion: Adrienne Houghton Apologizes to Naturi Naughton (WATCH)

tim-leissner-kimora-lee-simmons

Simmons has been married for three years to Leissner. She has two daughters from her marriage to hip-hop mogul Russell Simmons, a son by actor Djimon Hounsou, and a son with Leissner.

Retail experts wonder aloud how Kimora’s fashion line — sold online and at a boutique in Beverly Hills, is profitable.

“She’s off the map. She’s not in any department stores,” one expert said.

As Fashionista noted in 2014, “Unlike other brands that come into the designer market, Simmons has an unusually well-funded infrastructure.”

Kimora responded to the NY Post article on Thursday and said of her entry-level designer label Kimora Lee Simmons: “I’ve been around for quite some time. I’m an old lady so I’ve always been self-sustaining, self-funded. I’ve had Baby Phat and at one point Phat Farm, too. I’ve had Couture by Kimora, Fabulosity, KLS so this is not my first ride at the rodeo. I’ve had six or seven successful fragrances,” she said. “I fund my own business.…I’ve been in the fashion industry since [age] 12, modeling and all that. So all my money, not that I want to say it that way, this is my third marriage that I’m on so, no, my husband has nothing to do with my professional life.”

When asked if she consults with her husband about business, she said: “He’s a financial person and I’m a fashion person, so I wouldn’t say that really. And I’ve been doing this for kind of a long time. Probably more my young girls [14 and 17] give me a little more fashion advice.”

Her reaction to the Post’s report: “I think it does a disservice to the fashion business and to designers like me. I’m one of the few designers who is here with their namesake label. I’m one of the few women and certainly one of the few women of color. Diversity is a big conversation for me that I talk about.

“When you say something to attack a brand…it doesn’t do a service to myself or the industry to have — for those who are following in my footsteps, or for the groundwork that I have laid for other people like myself of which there are only a small handful,” Simmons said. “So we struggle every day and we have our struggles every day, but I think it’s better to probably keep to the topic of your growth and your success than to go and create lies or false stories about brands like that. It’s one thing to be successful, it’s another thing to be failing, it’s another thing for someone to write and publish things that you’re failing. That’s really no good. I was just shocked at that but it happens all the time. I guess I’m honored that they still want to talk about me.”

Read what Kimora had to say about female empowerment over at WWD.com.

 

Save

Save

We Publish News 24/7. Don’t Miss A Story. Click HERE to SUBSCRIBE to Our Newsletter Now!

George McKenna - file photo
Sherri Shepherd and Shaquille O’Neal
Nikki Giovanni
2024 Heisman Trophy candidates (Getty Images-Reuters via CNN Newsource)
NICKEL BOYS Director RaMell Ross
Luigi Mangione - via X
Tyler Perry (The Triple Six Eight) - screenshot
Haiti violence - screenshot
Summer Walker - Getty
Denzel Washington - Gladiator II
Robin Ayers (wearing hat) - via Canvas Rebel
Read More
Quincy Jones
Read More
Kamala Harris at CNN Town Hall - Getty
Read More
Kendrick Lamar - Lil Wayne (Getty)
Read More
Donald Trump with bruises on hands - via X
Read More
Gail Bean and Taye Diggs composite
Read More
Lizzo (after weight loss) - via Instagram
Read More
T.D. Jakes
Read More
Donald Trump - Kamala Harris (Getty composite)
Read More
Denzel and Diddy - GettyImages
Read More

POPULAR

George McKenna - file photo
A Connection Between Denzel Washington and Dr. George McKenna - EURexclusive | PICs
Sherri Shepherd and Shaquille O’Neal
Sherri Shepherd and Shaq Playfully Flirt on 'Celebrity Family Feud' | Watch
Nikki Giovanni
Remembering Nikki Giovanni: Celebrated Poet and Civil Rights Activist Passes at 81
2024 Heisman Trophy candidates (Getty Images-Reuters via CNN Newsource)
A Two-way Player, A Running Back and 2 Quarterbacks Announced as 2024 Heisman Trophy Finalists | WATCH
NICKEL BOYS Director RaMell Ross
RaMell Ross' 'Nickel Boys' is Well Written & Highly Artistic | EURexclusiveWATCH
Luigi Mangione - via X
Luigi Mangione: Suspect in Killing of Health Care CEO Faces 5 Charges Including Forgery and Firearm Without A License | VIDEO
Tyler Perry (The Triple Six Eight) - screenshot
'I Haven’t Read A Review in 20 years' - Tyler Perry Explains His Decision to Keep His Work Away from Critics
Haiti violence - screenshot
Haiti Gang Massacre Leaves Over 180 Dead After Voodoo Accusations: UN and Rights Groups | VIDEO
Summer Walker - Getty
Summer Walker Launches ‘Over It Radio’ on Apple Music
1 2 3 8,440