Kimora Lee Simmons is reportedly refusing to vacate a lavish $25 million mansion her estranged husband purchased with stolen funds.
Kimora Lee Simmons is being put on the radar over a lavish $25 million Beverly Hills mansion she’s reportedly refusing to leave, despite her ex-husband’s admission to buying the property with funds stolen from a Malaysian sovereign wealth fund, 1Malaysia Development Berhad (1MDB).
The ongoing civil dispute over ownership and liability stems from a distressed refinancing and sale-leaseback arrangement involving the luxury home, which has also appeared on her current reality series, “Kimora: Back in the Fab Lane.”
Simmons’ ongoing legal fight over the Beverly Hills mansion is set to reach a key moment at a Feb. 25 trial-setting conference. Meanwhile, her estranged husband reported to a federal prison in Allentown, Pennsylvania, on Feb. 6 — eight years after pleading guilty in his role in the $4.5 billion 1MDB fraud.
Authorities have not accused Simmons of involvement in the scheme, though the property has become a focal point in ongoing civil litigation. The broader 1MDB scandal led several celebrities, including Leonardo DiCaprio, to return luxury gifts tied to the fraud, but Simmons’ residence remains an unresolved outlier at the center of the dispute.
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Source: Black Enterprise
