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Russell Simmons

I Did NOT Hijack Millions

From Bitter Ex-Biz Partner!

1/22/2013 1:15 PM PST BY TMZ STAFF
EXCLUSIVE

012213_russell_simmons_launch

Russell Simmons
is firing back at his ex-business partner's legal threats ... telling TMZ he did NOT siphon off millions of dollars from his sneaker company -- and any accusations otherwise are the workings of a "disgruntled" employee.

TMZ broke the story ... former Run Athletics President Rasheed Young threatened to sue Russell and Reverend Run ... claiming the hip-hop moguls screwed him out of millions, by secretly funneling revenue from their company into a separate account.

Russell was out in L.A. Monday and tells TMZ ... 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."

20 COMMENTS

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16.

Cheryl    

Hustle Simmons at it again. What the **** is he saying. Get speech therapy fool!

605 days ago
17.

Pat    

Russell Simmons seems pretty shady to me, it seems like everyone he does business with will eventually open up to the public and claim they got F@@ked by him. Based on his past history I would never do business with, but then again I'm not a multi millionaire so he doesn't have to worry about that. lol

605 days ago
18.

Anthm    

Money money money.... oh how it burns so evil sometimes http://www.youtube.com/watch?v=_5Hs6qjS-LE

590 days ago
Previous 15 Comments | 1 | 2

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