Russell Simmons and Reverend Run Accused of Funneling Money from Kids' Shoe Line
Posted by AJ Grey on 01.20.2013
Trouble for the hip hop moguls...
TMZ reports that the business partner of Russell Simmons and Reverend Run is preparing to sue to the two hip hop moguls.
Rasheed Young, President of Run Athletics, has sent a letter to Russell and Run that accuses the two of secretly funneling millions in revenue from their Pastry band of footwear intoa company Rasheed isn't a part of. Young claims Pastry has made tens of million sin sales, and so far he has not received a penny of it.
Sources close to Young claim that Russell and Run have been stonewalling him since he sent the letter and refuses to respond to the demands of Young. As a result, Young is now turning to the legal process. Young is demanding the Simmons brothers fix the structure soon and pay him his share of the profits or he will sue.
