[VIDEO] Russell Simmons Says He Didn't Take Millions From His Former Business Partne
Posted by Joseph Lee on 01.22.2013
Deny, deny, deny...
TMZ reports that Russell Simmons has denied claims that he stole millions of dollars from his ex-business partner's sneaker company, and thinks the accusations are from a "disgruntled" employee.
Former Run Athletics President Rasheed Young threatened to sue Simmons and Reverend Run, claiming the two secretly funneled revenue from the company into a separate account.
While out in Los Angeles, Simmons told TMZ that the claims are "not true". He added: "[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. We never stole any money from anybody."