Two years ago Kimora Lee Simmons' husband Tim Leissner was linked to a multi-billion dollar Malaysian bond scandal [click here if you missed that].
Will Tim's involvement sink Kimora's fashion empire..?
According to reports the FBI and four other countries are investigating the $6.5 billion in bonds brokered by Kimora's husband and then funneled to Malaysian government officials.
From Page Six
“Goldman Sachs was paid exorbitant fees for selling the bonds,” one lawyer who has followed the case told me. “The prosecutors, if they do their job, will seek to claw back the commissions.”
It is widely believed that Leissner financed the launch of his wife’s eponymous fashion line. As Fashionista noted in 2014, “Unlike other brands that come into the designer market, Simmons has an unusually well-funded infrastructure.”
Kimora’s fashion line — sold online and at a boutique in Beverly Hills, Calif., with tops going for $550 — can’t be profitable, no matter how beautiful her designs are, retail experts told me. “She’s off the map. She’s not in any department stores,” one said. And Leissner might not continue to subsidize the operation.
