![]() ![]() When prosecutor Drew Rolle asked Leissner if Judy Chan Leissner knew of this, he replied that she was upset - so upset that she refused to help him put a $900,000 down payment on a house in Los Angeles for him and his new bride. ![]() “I photoshopped the divorce document,” Leissner told the jury of his 2014 nuptials to the Baby Phat designer. The emails were sent to Leissner’s future wife, model Kimora Lee. Leissner testified that he tied the knot with Kimora Lee Simmons even though he was still legally married to Judy Chan Leissner, from whom he “faked” a divorce, according to Bloomberg. Earlier in the week, Leissner admitted that he sent fake emails for years while pretending to be his ex-wife, Judy Chan. Simmons, the reality television star, fashion designer, and ex-wife of hip hop mogul Russell Simmons, married the German-born investment banker in 2014. The 52-year-old former Goldman Sachs star banker made the stunning admission while testifying in Brooklyn federal court on Thursday during the bribery trial of his former Goldman colleague, Roger Ng. Leissner, who pleaded guilty to 1MDB charges and was the governments main witness against Ng, previously testified that the investment in Chan Leissners family business was a 'cover story' that. Tim Leissner claimed in court that he twice “faked” his divorce from two women in order to re-marry and that he exchanged vows with former model Kimora Lee Simmons while still legally wed to his previous spouse. Leissner is doing all this self snitching to try to keep himself out of jail for a much bigger scam that he was a part of. court.Whatever the case, Leissner had to lie about two marriages before Kimora Lee Simmons would agree to marry him. Goldman in 2020 paid a nearly $3 billion fine and arranged for its Malaysian unit to plead guilty in U.S. prosecutors say $4.5 billion of the $6.5 billion Goldman raised for 1MDB and meant for the economic development of Malaysia was instead diverted to government officials, bankers and their associates through bribes and kickbacks. Ng’s lawyer Marc Agnifilo has argued the money Ng received was a transfer from an account controlled by Leissner’s former wife, Judy Chan, to Ng’s wife Hwee Bin Lim, for a legitimate. The Def Jam cofounder filed a complaint earlier this week. The charges stem from one of the biggest financial scandals in history, in which U.S. Russell Simmons is taking his ex-wife, Kimora Lee Simmons, and her current husband, Tim Leissner, to court, accusing the couple of fraud. ![]() Leissner, who pleaded guilty to similar charges as Ng in 2018, testified last month that the investment involving the two men's wives was a "cover story" to explain the kickback payments so the banks that would process the transfer would not grow suspicious. "For investment in China there's no point for you to have documents," Lim said. Smith repeatedly asked Lim why, despite her training as a corporate lawyer, she did not press for documents or keep records. ![]() Attorney Alixandra Smith on Tuesday, Lim said she was no longer in possession of a two-page agreement she signed with Chan describing the deal and had no written updates on investment performance. (Bloomberg) Former Goldman Sachs Group Inc. Earlier in the week, Leissner admitted that he sent fake emails for years while pretending to be his ex-wife, Judy Chan. He also told jurors he’d earlier falsified a divorce document in order to marry Judy Chan in Hong Kong in about 2000. Under cross-examination by Assistant U.S. He said he faked a divorce decree in order to marry Simmons while still being married to then-wife, Judy Chan Leissner. Lim said she received around $35 million as a return on that investment in 20.īut prosecutors say that money represented kickbacks Leissner paid to Ng from the 1MDB scheme. Hwee Bin Lim, Ng's wife, testified on Monday that she made a $6 million investment in the mid-2000s in a Chinese company owned by the family of Judy Chan, Leissner's then-wife. According to TMZ, Leissner admitted to hatching up a plan to impersonate his then-wife Judy Chan, a Chinese heiress, and sent fake emails to the Baby Phat co-founder. ![]()
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