fraud Archives - New Hip Hop News

Kimora Lee Simmons Faces Legal Trouble Over Alleged Fraud, Forgery & Property Disputes

November 8, 2024 by newhiphopnews

Kimora Lee Simmons is in a contentious legal battle with her ex husband Russell, but she also has a lot of other items on the docket. Moreover, she faces various legal actions for alleged fraud, forgery, and property disputes according to court documents reportedly obtained by Baller Alert. Specifically, the model, entrepreneur, and former Baby Phat CEO has to contend with her ownership discrepancy of a Beverly Hills mansion, which she occupies. Her company Keyway Pride Limited LLC contested an alleged sale agreement from her husband, former Goldman Sachs banker Tim Leissner, whom law enforcement hit with charges for his alleged involvement in the 1MDB scandal.

Furthermore, Leissner reportedly used a company called 25 Beverly Park Circle PropCo LLC. Keyway Pride claims ownership of the luxury mansion in Beverly Hills and claims he attempted to sell the mansion in 2020 while lacking the permission to do so. In addition, Kimora Lee Simmons’ company’s legal team alleged her husband engaged in “clear forgery” with the operating agreement he used. However, the legal battles and Tim Leissner’s alleged involvement don’t stop there, thanks to some allegations from Kimora Lee’s estranged ex husband.

Kimora Lee Simmons Faces More Legal Battles

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Russell Simmons questioned her alleged involvement in some of Leissner’s big transactions and financial moves. Mainly, his concerns center around a stock purchase agreement (SPA) from 2018 that resulted in Kimora Lee Simmons reportedly acquiring almost four million shares in Celsius Holdings, Inc. Per the embattled music executive’s claims, this SPA – signed between Kimora Lee and Tim Leissner following his 2018 arrest – is not a transparent arm’s-length financial exchange. Via reported court documents, Russell alleges that this transaction could be void since it’s unknown whether the company whose shares this exchange occurred for (All Def Media LLC) even legally exists.

Finally, Kimora Lee Simmons claims she solely manages Keyway Pride, but her ex husband and the company’s own filings posit that their operating agreement doesn’t provide complete authority, without need for joint decision-making, to any one manager. Russell Simmons’ legal team additionally argues that even a legitimate agreement would still require Kimora Lee to make significant transaction decisions in conjunction with Tim Leissner, and thus puts her at risk of voided actions if she does not take those actions in a way that ensures this mutual consent. A trial over these issues will reportedly begin in January of 2026, per its scheduled start time at press time.

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Swizz Beatz Sued For Allegedly Receiving Millions In Stolen Funds

October 4, 2024 by newhiphopnews

Swizz Beatz now finds himself in the middle of one of the world’s largest current corruption scandals. Moreover, according to court documents reportedly obtained by AllHipHop, authorities filed a lawsuit in New York on Wednesday (October 2) accusing him of receiving $7.3 million of stolen funds from Jho Low and his associates amid the 1MDB scheme. For those unaware, according to officials, this refers to the theft of billions of dollars from the Malaysian state fund 1Malaysia Development Berhad (1MDB) by business fugitive Jho Low and others, including associate Eric Tan. It’s important to note that the Ruff Ryder producer’s connection is still an alleged one at press time, and that Low denies any involvement.

Furthermore, liquidators sued Swizz Beatz for both intentional and constructive fraudulent conveyance, as well as unjust enrichment. But he wasn’t the only hip-hop star that came up in this case. Authorities convicted Fugees member Pras last year for attempting to stop the United States’ investigations into Jho Low. Back to Swizz, though, real name Kasseem Dean: “As the 1MDB Fraud was underway, Jho Low became a well-known figure in the Hollywood scene and developed a reputation as a businessman with deep pockets and a penchant for hosting lavish, star-studded parties and group vacations,” the lawsuit against him reads. Throughout the early 2010s, Low befriended many U.S. celebrities including Dean and his wife Alicia Keys.”

Swizz Beatz At The 2024 Breakthrough Prize Ceremony

Swizz Beatz Lawsuit Fraud Corruption Stolen Money Pras Hip Hop News — LOS ANGELES, CALIFORNIA – APRIL 13: Swizz Beatz attends the 2024 Breakthrough Prize Ceremony at Academy Museum of Motion Pictures on April 13, 2024 in Los Angeles, California. (Photo by Taylor Hill/Getty Images)

Liquidators want to recoup the cash stolen from the 1MDB-linked Affinity Equity International Partners Limited and Alsen Chance Holdings Limited, which were in liquidation processes in the British Virgin Islands (BVI). “Between September 21, 2012 and September 4, 2014, Jho Low and/or Eric Tan caused the debtors to transfer $7,300,000 to defendants and, during that same time period, the debtors did not receive any money back from the defendants or any other consideration from the defendants in exchange for the fraudulent transfers,” the suit continued. “Consequently, a net amount of $7,300,000 was conveyed from the debtors to the defendants.” Alsen Chance reportedly handed $1.5 million to the Verzuz creative’s company in September of 2012. Two payments of $1 million and $800K followed in October.

On the other hand, Affinity reportedly paid Swizz Beatz’s Monza Studios $800K in November 2013, with $1 million more arriving in December. The Elon Musk partner also received $500K in June 2014, $300K in July, $1.4 million in September, per the court documents’ allegations. Through incorporation under the BVI Companies Act, the BVI Court appointed liquidators to Alsen Chance and Affinity to contribute to “global asset recovery efforts for the benefit of the debtors’ creditors, being 1MDB and SRC International, and therefore ultimately the people of Malaysia.” Liquidators seek $3.3 million in damages from Swizz Beatz Productions, $1.8 million from Monza Studios, and $2.2 million from Swizz himself, as well as other legal fees.

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Cam’ron Reveals He Turned Down NYC Key to the City Offer Last Month

September 30, 2024 by newhiphopnews

Cam'ron Responds to Adidas and Anthony Edwards Commercial in New Freestyle

New York Mayor Eric Adams has been recently indicted by the federal government for alleged ties to the Turkish government, accepting bribes and illegal campaign funds.

Adams also recently took back the key to the city, which was awarded to Diddy, but another rapper was also offered the honor.

Appearing on his It Is What It Is show, Cam’ron revealed that he was offered the key, but he denied it.

“Last month, they called me to see if I wanted the key to the city. I said, ‘I don’t want to be involved with nothin’.’ They offered me that sh–. They said, ‘Cam, you want the key?’ I said, ‘That ain’t really up my alley right now, I’m cool with the key to New York City, man.’”

– Cam’ron

You can hear it below.

Cam’ron reveals he was recently offered the key to the city of New York but declined it. pic.twitter.com/wyXmTAigkR

— The Art Of Dialogue (@ArtOfDialogue_) September 27, 2024

Mayor Eric Adams of New York City has been indicted on federal charges of bribery conspiracy, fraud, and soliciting illegal foreign campaign donations, according to an indictment unsealed on Thursday. The charges stem from a three-year investigation that examined Adams’s dealings with foreign nationals, particularly his alleged ties to the Turkish government.

The indictment accuses Adams of accepting and seeking illegal foreign contributions to his 2021 mayoral campaign. It also alleges that the corrupt activities continued after his inauguration, with Adams preparing for future elections by planning to solicit more illegal donations and granting favors to those who supported his mayoral bid.

One of the most significant allegations involves Adams’s relationship with a “senior official in the Turkish diplomatic establishment.” The indictment claims this official facilitated illegal donations and provided Adams with luxury gifts, including heavily discounted flights on Turkish Airlines and stays at high-end hotels. The New York Times reports that during a 2017 trip, Adams and two others stayed at the Bentley Suite in the St. Regis Istanbul for less than $600, despite the typical cost being around $7,000.

Businesses are also accused of bypassing New York City’s campaign finance rules by funneling large donations through employees, enabling Adams to secure public matching funds illegally. The mayor allegedly used U.S.-based straw donors to conceal these illicit contributions.

Adams, a known world traveler, allegedly flew Turkish Airlines despite the inconvenience because of his free travel benefits, valued at tens of thousands of dollars. The indictment highlights one instance in 2017 when Adams’s partner was surprised to learn he was in Turkey, as she had believed he was flying to France.

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Unsealed: NYC Mayor Eric Adams Indicted on Bribery and Fraud Charges

September 26, 2024 by newhiphopnews

This story is developing…

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Bishop Lamor Whitehead Receives 9-Year Prison Sentence For Extortion & Fraud

June 17, 2024 by newhiphopnews

After a court found him guilty of extortion and fraud, Bishop Lamor Whitehead received a prison sentence of nine years for his various convicted crimes on Monday (June 17), according to Daily News. Moreover, for those unaware, the specific charges are wire fraud, attempted extortion, lying to the FBI, and other related incidents connected to three separate situations. One of these involves how Whitehead scammed one of his parishioners’ mother out of $90K of her life savings, promising to renovate a home for her to live in. Instead, he bought designer clothes and a BMW, tried to extort $5K from someone for a car repair job, and falsified bank documents for a $250,000 loan.

“The defendant was trusted by many in his community,” assistant U.S. Attorney Jessica Greenwood expressed. “He was the bishop of a small church in Brooklyn and a self-described businessman. He was a friend to the mayor of New York City.” Furthermore, she claims that Bishop Lamor Whitehead took advantage of his congregation’s trust and made up stories about Hollywood heavyweights for their cash. “He promised to use the money to buy a fixer-upper home that he would renovate for [his parishioner’s mother] to live in. And she believed the defendant, a man who, by that time, had become a mentor and spiritual adviser to her son.”

Bishop Lamor Whitehead Sentenced To Nine Years

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Of course, this is far from the only controversy Bishop Lamor Whitehead has experience in, albeit probably the most serious. Nevertheless, he previously made headlines for challenging D.L. Hughley to a million-dollar boxing match. “Wait ’til y’all hear this interview,” Whitehead shared about his talk with Hughley. “I’m sitting there like, ‘Yo, bro. Brother. Yo, I actually like you. I watch your movies.’ You know? And he was [screams] like a little girl! [scream] Like a little chihuahua!”

Meanwhile, this incident resulted from a robbery that took place during one of Bishop Lamor Whitehead’s live-streamed services. Perpetrators stole about $400K in jewelry during the live event, which caught many’s eyes as a scandalous story almost two years ago. Clearly, things took a turn at one point, and now he has much bigger fish to fry. It looks like the court closed this case, but we’ll see if any other details or developments emerge.

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Sean Kingston Arrives In Broward County Jail After Extradition To Florida

June 3, 2024 by newhiphopnews

Sean Kingston’s legal trouble over alleged fraud continues to develop, as authorities recently extradited him to his home state of Florida after his California arrest. Moreover, a Broward County jail booked him on $1 million fraud and theft charges following a raid on his Florida home that also saw an arrest for his mother, Janice Turner. According to NBC 6 South Florida, the singer will face a judge on Monday (June 3). It’s unclear whether or not he has already formally denied these accusations for the court process, although we know that he already addressed the situation on social media upon the raid of his house.

Furthermore, Sean Kingston faces an uphill battle right now in the legal sense, but that doesn’t mean that his career is slowing down suddenly. In fact, amid all this controversy and allegations that a court of law still hasn’t ruled on, we even got some new music to boot. He and NBA YoungBoy recently released their collaboration “Why Oh Why” despite both of them facing some serious struggles in their careers and personal lives. Hopefully they are both at least able to handle it transparently and with justice despite the verdict, as many innocents and guilty perpetrators alike can’t even get this luxury.

Sean Kingston Extradited To Broward County Jail

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As far as the specific allegations themselves, Sean Kingston and his mother Janice Turner received eight serious charges of fraud and theft. Prosecuting authorities accused them of running a fraudulent scheme to take advantage of several entities and individuals, including a car dealership and a jeweler. However, Kingston also received two additional charges involving alleged bad checks and defrauding a bank. The amount of allegedly stolen money and goods totals over a million dollars.

Meanwhile, Janice Turner already posted a $160,000 bail while Sean Kingston is still in custody due to the recency of his extradition. It’s unclear whether he will be able to post bail as well or if he will have to stay behind bars. Either way, this looks like a very complicated situation for them that could even rope in others, depending on how big this supposed scheme is. We’ll see what else develops in court and whether this will be a footnote or a whole chapter in 2024’s musical history.

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Sean Kingston’s Mother Is Out Of Jail After Shocking Arrest For Fraud

May 27, 2024 by newhiphopnews

Sean Kingston’s family was in for a big shock last week, as he and his mother were both arrested on accusations of fraud and theft. Whereas authorities caught the singer at a concert in California, where he remains awaiting his extradition hearing for Florida, they brought Janice Turner into custody during Thursday’s (May 23) raid on his Florida home. According to court records, she faces eight charges including organizing a scheme of defraudation, grand theft, and identity theft. The 61-year-old attended her bail hearing on Friday (May 24) and later provided the $160,000 bail that led to her Sunday afternoon (May 26) release from the Broward County jail, according to TMZ.

Furthermore, police also arrested Sean Kingston that Thursday while he was in Fort Irwin, California for a performance at a military event. It’s a little unclear whether he’s been in jail this whole time or if he already had his extradition hearing and is just waiting for the next steps. Either way, it looks like they both have a lot of legal issues to deal with for the rest of 2024. It would also add onto their previous history, as Janice Turner already has a 2005 conviction for bank fraud.

Sean Kingston’s Mother Attends Bail Hearing

Janice Turner, the mother of singer Sean Kingston, appeared in bond court following her and her son’s recent arrest. https://t.co/e2dy9152Y7

— WSVN 7 News (@wsvn) May 24, 2024

Meanwhile, as for the raid on Sean Kingston’s Florida home, TMZ reportedly obtained some photos from inside the property (which you can check out with the “Via” link down below) that detail some of what went down. Apparently, the cops got some valuable merchandise and property out of the house, including a massive LED television set valued at $150,000. This could relate to how authorities want the Kingstons to repay for their alleged crimes. The claims are that they stole almost $500,000 in jewelry, over $200,000 from Bank Of America, $160,000 from a car dealer, $100,000 from First Republic Bank, and $86,000 for a custom bed.

As such, this totals over $1 million in allegedly stolen goods, services, or fraudulent transactions, which is a pretty steep amount to answer for. This hasn’t resulted in much sympathy from the entertainment world, as The Game recently clowned Turner’s mugshot. However, there’s a chance that this could all turn around for Sean Kingston, so we’ll have to see what other updates emerge. Stressing out about prison is one thing, but dealing with your mother’s place in it must be another feeling entirely that is now moot.

[via]

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Sean Kingston Arrested Hours After House Raid On Fraud & Theft Charges

May 24, 2024 by newhiphopnews

Just hours after his mother went into police custody during a SWAT raid on his Florida mansion, authorities arrested Sean Kingston at a California concert on fraud and theft charges. Moreover, he was performing at Fort Irwin for U.S. Army personnel, as indicated by social media coverage of these chaotic developments and some surfaced show clips. The singer and rapper now awaits extradition to Florida, where authorities filed these charges, from a San Bernadino jail. Authorities arrested his mother Janice Turner on similar charges of fraud and theft, which he reacted to via his Instagram Story. “People love negative energy! I am good and so is my mother! My lawyers are handling everything as we speak.”

Furthermore, this all relates to a lawsuit against Sean Kingston filed earlier this year from the company Ver Ver Entertainment LLC. They claim Kingston breached his contract with them and committed fraud when he reached out to buy a big TV and sound system. Rather than paying over $100,000 for the goods, he allegedly promised the company that he and “Eenie Meenie” collaborator Justin Bieber would make promotional videos for it. Following a $30,000 down payment and the promise of another $47,000 sum down the line, this promise allegedly never manifested after they installed the TV, and neither did the social media promotions.

Sean Kingston Arrested During Performance

Sean Kingston at Fort Irwin getting arrested!!! I have some proof that the sheriffs was there @TMZ @TMZLive I was at the concert pic.twitter.com/r11Yjyrhgy

— Danny Lehmann (@lonewolf132429) May 24, 2024

Previously, Sean Kingston caught accusations of failing to pay for certain items, such as a November 2023 debacle with watch company Dream Watch over two unpaid pieces: a Richard Millie Model RM 65.01 Automatic and a Patek Phillipe Calibre. The company, seeking an award of over a million dollars, claimed that he contacted them in 2022 to buy the watches. Apparently, a representative flew from Malaysia to Los Angeles to give them. Allegedly, the Jamaican-American creative didn’t have the money for them, despite promising to pay via wire transfer.

“Sean Kingston represented his initial wire attempt was rejected because it was flagged by his bank due to the large amount being wired overseas,” the lawsuit read. “Thereafter, Kingston represented his account was frozen due to the initial wire attempt, amongst other excuses which persisted for over three months until Kingston stopped responding to Plaintiff entirely. Ultimately, the agreed upon funds [are still missing], and Defendants continue to refuse to render payment as agreed. Defendant Kingston continues to possess the two watches.”

[via]

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NBA YoungBoy Receives New Charges In Fraud & Gun Case

May 2, 2024 by newhiphopnews

NBA YoungBoy just received some more charges added to his fraud and gun possession case, which currently has him reportedly in federal custody without bail. Moreover, according to KUTV, he received another felony charge of firearm possession as a restricted individual, as well as two more counts of obtaining prescription drugs through fraudulent means. For those unaware, authorities arrested the Baton Rouge rapper in Utah earlier in April, and he received 63 initial charges related to an alleged fraud scheme in which he supposedly faked doctors’ prescription in order to obtain drugs. Given his previous legal circumstances regarding house arrest in Utah and the severity of these claims and of the arrest, it’s no surprise that he hasn’t addressed any of this in any significant capacity.

Furthermore, YoungBoy will reportedly await the outcome of this, and of his previous gun possession charge in Louisiana, in his hometown of Baton Rouge. Police reportedly sent him back there after this recent arrest, which will surely impact his previous open case in some way or another. However, it’s unclear what the overlap could be between these circumstances, and whether it would be possible to pursue just one before getting into another. Either way, it seems like a very difficult uphill battle, and one that might determine the next few years of this career trajectory.

YoungBoy Reportedly Hit With More Charges Of Fraud & Gun Possession

KUTV reports that new charges were filed against Youngboy. He now faces another possession of a firearm by a restricted person felony charge and two counts of fraudulently obtaining a prescription.

A recent motion requests that he’s held without bail till further notice. pic.twitter.com/YyWQJBtFiv

— Akademiks TV (@AkademiksTV) May 2, 2024

Elsewhere, apparently this is what tipped off pharmacists and police about YoungBoy’s alleged crimes, including him and (supposedly) members of his crew impersonating doctors like one Gwendolyn Cox. “‘Gwendolyn’ sounded as though she was a much younger male from the Southern states,” a probable cause affidavit from Cache County read. “Gwendolyn made a statement. ‘Well, I axed her to and she said that she’ll have you call me.’ This statement was a response to a request that was made to have ‘Gwendolyn’ contact Dispatch and have them transfer her call back through. … (I have) lived in the Southern United States. The terminology in replacing the word ‘ask’ with ‘ax’ or other variations is consistent with a Southern dialect in states such as Texas, Louisiana, Georgia and other southern states.”

“Usually, you don’t get a doctor calling in a cough syrup themselves,” pharmacist Erik Stewart told KUTV of a call from a number that didn’t match with the registered doctor’s office. “That’ll be, like, a nurse or something. But then, just their medical terminology was off [on] the quantities,” he told KUTV. “The way they pronounced the things… everything was suspicious.” For more news and updates on the YoungBoy case, keep checking in with HNHH.

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NBA YoungBoy Hit With Prescription Drugs Fraud Accusations Through 63 Charges: Report

April 18, 2024 by newhiphopnews

As folks continue to react to NBA YoungBoy’s recent arrest in Utah on multiple charges, it looks like this case is getting much more complicated and serious. For those unaware, news of his Tuesday (April 16) arrest relayed charges of “patterns of unlawful activity, procuring or attempting to procure drugs, identity fraud, forgery, possession of controlled substances, and possession of a dangerous weapon.” According to a Wednesday (April 17) report from KUTV, the Baton Rouge native got hit with 63 total charges encompassing his alleged furthering of prescription drug fraud scheme. Police accuse him of participating in a plot that called in prescriptions with real medics’ names, but fake patient names.

This news after YB’s mugshot emerged online, and police continued their claim by alleging that his crew would pick these drugs up from local pharmacies. Specifically, he faces 20 counts of identity fraud, 20 counts of obtaining a prescription under false pretenses, and 20 counts of forgery. Also, YoungBoy faces one count each of the following charges: possession of a dangerous weapon by a restricted person, continuing a pattern of illegal activity, and possession of a controlled substance. Overall, it seems to be a wide-ranging case, and these alleged actions constitute multiple crimes that pose a serious threat to his future.

NBA YoungBoy’s Arrest: Initial Report On The Matter

BREAKING: NBA Youngboy taken into custody in Utah for various charges. Charges of patterns of unlawful activity, procuring or attempting to procure drugs, identity fraud, forgery, possession of controlled substances, and possession of a dangerous weapon. pic.twitter.com/QqrhFMqbF7

— DJ Akademiks (@Akademiks) April 17, 2024

Furthermore, YoungBoy was arrested at his home in Utah following a police raid, the property on which he’s been on house arrest since 2022, awaiting a federal gun trial in Louisiana. During this raid, law enforcement reportedly seized multiple prescription pills, weapons, and electronic devices after they issued a search warrant. While there’s not much else we know about this case at press time following these 63 charges, we’ve rounded up what’s available here. Hopefully this situation becomes a bit clearer with time, although we can’t imagine it’ll get any easier for the 24-year-old.

Meanwhile, this follows some recent beef with Finesse2tymes, the last big headline before this arrest took them over in regards to him. What do you think about this whole case, and do you think that there’s a way out? Whatever the case, let us know down in the comments section below. For more news and the latest updates on NBA YoungBoy, keep checking in with HNHH.

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