Russell Simmons is underneath mounting authorized scrutiny as a number of plaintiffs allege he has didn’t uphold settlements totaling tens of millions of {dollars}.
In keeping with courtroom filings, Simmons, who helped form the Hip-Hop business, owes $3.13 million to Alexia Jones and Toni Sallie mixed, along with curiosity from damaged guarantees and missed deadlines.
Data present that in 2023, Simmons entered a settlement with Jones for $300,000, paying $100,000 upfront, however defaulted on a essential $200,000 installment due in April 2024.
A brand new deal later promised $190,000, plus 20% annualized curiosity, by January 2025.
Nonetheless, Jones states she has obtained simply $10,000 of the adjusted quantity, making a monetary shortfall she’s now preventing to safe by authorized means.
Sallie’s claims contain an excellent steeper monetary fallout. Simmons agreed to pay Sallie $3 million in structured installments beginning in February 2024.
But, when the primary $150,000 fee was due, she reportedly obtained simply $30,000, leaving an unpaid steadiness of $123,000.
Since then, sporadic funds totaling $60,000 have trickled in, however the cumulative debt owed to Sallie nonetheless stands at $2.94 million, excluding 20% annual curiosity.
Sallie’s legal professional condemned the alleged breaches as “flagrant” and argued the accumulating curiosity might escalate the stakes even additional.
Court docket paperwork submitted in New York define greater than $9.1 million in alleged unpaid agreements, which proceed to balloon with accrued curiosity.
Past Jones and Sallie, Simmons reportedly owes an extra $3,045,000 to a few different girls—Sil Lai Abrams, Sherri Abernathy, and Wendy Carolina Franco.
Settlements of $1,265,000 every with Abrams and Abernathy and $515,000 with Franco had been due by October 2024, however courtroom data present none of those funds had been obtained.
The ladies have since filed confessions of judgment within the New York County Supreme Court docket to expedite assortment.
Notably, in all instances, Simmons has not admitted any wrongdoing.
These authorized troubles come on the heels of longstanding allegations in opposition to Russell Simmons, with greater than 20 girls accusing him of sexual misconduct during the last a number of years.
Excessive-profile accusations vary from harassment to assault to rape, with incidents relationship again to the late Eighties.
Whereas Simmons denies all claims of non-consensual encounters, the allegations prompted him to step away from his enterprise ventures in 2017.
As Russell Simmons faces the warmth of his deepening monetary obligations, his life overseas in Bali—the place no extradition treaty exists with the US—has stirred public curiosity.
Regardless of his overseas residency, the music mogul has mentioned he regularly travels again to the U.S., whilst strain from collectors and accusers continues to mount.
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