Ex-Goldman Sachs banker files for divorce from – Business News
Tim Leissner, the disgraced onetime star banker for Goldman Sachs who was sentenced to jail for his function within the 1MDB scandal, has reportedly filed for divorce from Kimora Lee Simmons.
Leissner cited “irreconcilable differences” in his cut up from the previous actuality TV star and Baby Phat mogul, TMZ reported earlier this week.
The court docket filings don’t listing the date the couple separated, in response to the positioning. Sources advised TMZ that Leissner and Simmons have been dwelling aside since a minimum of March 2022.
Tim Leissner, the disgraced former Goldman Sachs star banker sentenced to jail for his function within the 1MDB scandal, has filed for divorce from spouse Kimora Lee Simmons, in response to a report. Getty Images for The Weinstein Company
Leissner is reportedly asking for joint legal and bodily custody of their 11-year-old daughter Wolfe Lee Leissner. The couple had been married since March 2014.
In June 2018, Leissner was arrested by federal brokers in Washington, DC, in reference to the 1MDB corruption and money-laundering scandal.
He and a former colleague at Goldman, Roger Ng, had been charged with serving to Malaysian financier Jho Low steal lots of of hundreds of thousands of {dollars} from the 1MDB sovereign development fund.
Later that very same yr, Leissner pleaded guilty to conspiring to violate the Foreign Corrupt Practices Act and to laundering money.
In May of final yr, he was sentenced to 2 years in jail.
In 2022, Leissner admitted in court docket that he exchanged vows with Simmons whereas nonetheless legally wed to his earlier partner, Judy Chan Leissner.
He additionally admitted that he twice faked his divorce as a way to re-marry.
Leissner cited “irreconcilable differences” in his cut up from the previous actuality TV star and Baby Phat mogul. Bloomberg by way of Getty Images
The couple, who’ve been married since 2014, share a youngster. WireImage
Leissner testified that he used tens of hundreds of thousands of {dollars} in illicit funds that he pocketed from 1MDB to subsidize a lavish way of life.
The German-born banker additionally testified that he engaged in a number of extramarital affairs, together with one with a girl who blackmailed him so as to get him to splurge $10 million for a mansion.
Simmons married hip-hop mogul Russell Simmons in 1998 after assembly him as a teenage model, launching a high-profile relationship that produced two daughters — and later unraveled into a bitter cut up, divorce and years of public feuding over money and parenting.
Kimora Lee Simmons was beforehand married to disgraced hip hop mogul Russell Simmons. WireImage
The fallout turned more and more acrimonious, with Kimora accusing Russell of being “abusive” towards ladies whereas he fired back with claims of financial misconduct and interference in his relationship with their youngsters, dragging their household disputes into the highlight.
The legal drama escalated in 2021 when Russell sued Kimora and Leissner, alleging they used his roughly 4 million shares in Celsius as collateral to cowl legal payments tied to the 1MDB scandal.
Russell Simmons has been accused by a number of ladies of sexual misconduct, allegations he has denied.
