property 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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Diddy Lists L.A. Mansion For Staggering Price Following Now-Infamous Homeland Security Raid

September 9, 2024 by newhiphopnews

Diddy has reportedly listed his mansion in Beverly Hills for sale at a price point of $61 million. Page Six reports that the move “comes as no surprise to insiders, despite the recent controversy surrounding the hip-hop mogul,” according to a source. Homeland Security infamously raided the home, earlier this year, as part of the federal investigation into the Bad Boy mogul. The raid never led to any charges.

Another source for the outlet explained the decision to sell: “Combs established his primary residence on Star Island in Miami years ago. Now that his children are grown… the empty nester has decided to sell the property, marking a significant moment in LA real estate.” Notably, Homeland Security also raided the Miami property at the same time as they did his West Coast house.

Homeland Security Raids Diddy’s L.A. Home

LOS ANGELES, CA – MARCH 25: In an aerial view, the home of Sean “Diddy.” Combs is seen during a raid by federal law enforcement agents on March 25, 2024, in Los Angeles, California. (Photo by MEGA/GC Images)

The L.A. property is located on what is known as “Billionaire’s Row,” and boats several celebrity neighbors including Kylie Jenner, Jimmy Iovine, Alexandra Von Furstenberg, and more in addition to the Playboy Mansion. Diddy originally purchased the property a decade ago for $40 million. Built on 1.3 acres of land, the home encompasses 13,000 square feet of living space.

A description of the home caught by Page Six reads: “A grand cobblestone driveway leads to the completely remodeled estate, which features classic European design elements. The property boasts a luxurious paneled entry foyer with a sweeping staircase bathed in natural light, along with a large living room, formal dining room, wine cellar, office, and a gourmet kitchen with a family room and separate catering kitchen.” There are also apparently tons of amenities including a “state-of-the-art theater,” two-story guesthouse, and more. Be on the lookout for further updates on Diddy on HotNewHipHop.

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The Game Might Have To Give Up His House To His Battery Accuser After Legal Loss

July 9, 2024 by newhiphopnews

The Game just faced another legal hurdle in Priscilla Rainey’s case against him, which stems from an initial 2016 lawsuit accusing him of sexual battery. Back then, he lost the case and faced a default judgement of a little over $7 million for failing to show up in court. However, after Rainey accused the rapper of creating shell companies to avoid fulfilling these obligations for compensation, she won a second lawsuit against him alleging this behavior. Now, according to alleged court documents reportedly obtained by AllHipHop, she served him and his manager Wack 100 and plans to seize his house as part of her asset collection approved by the court to get the $7 million judgement.

Furthermore, a process server reportedly notified The Game and Wack 100 of a notice of levy, writ of execution, and more on Priscilla Rainey’s behalf. The home in question is in Calabasas, California, and both men appeared under the same address. Rainey had accused the Los Angeles native of giving the home’s deed to Wack in an attempt to prevent its loss in her judgement pursuit. Also, she subpoenaed his kids’ school district for proof of residence and attendance records after seizing his publishing and label.

The Game At SiriusXM In 2016

The Game Lawsuit Lose House Sexual Battery Judgement Hip Hop News — NEW YORK, NY – SEPTEMBER 21: (EXCLUSIVE COVERAGE) Rapper The Game visits the SiriusXM Studios on September 21, 2016 in New York City. (Photo by Astrid Stawiarz/Getty Images)

For those unaware, Priscilla Rainey was a contestant on The Game’s reality TV show She’s Got Game on VH1, and he expressed previously that he didn’t want to pay his debt to her. “Don’t be fooled by these accusations or the dollar amount in the headlines. Cause I put that on my favorite aunties poodle this broad ain’t gettin s**t!” The Game expressed on Instagram in 2016 concerning Rainey’s sexual battery lawsuit. “Every girl on that show will tell u I never touched this chick or ever desired to be anywhere near her.

“She got kicked off the show. As a result she filed this lame lawsuit which was probably her intentions before the show ever even started,” The Game went on. “She [begged] for my attention the entire time we shot the show & [I gave her] the ultimate Major League Baseball CURVE ball so that upset her & made her lil wee wee hard so she did what all chicks like her do when life gives them no other options…. They sue you!“

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Kendrick Lamar To Purchase $40 Million Los Angeles Home After Drake Beef

May 18, 2024 by newhiphopnews

Kendrick Lamar is reportedly taking a victory lap after fans declared his victory in the Drake beef, and what better place to do it than his home city? Moreover, according to the Wall Street Journal and AllHipHop, he agreed to buy a house in the Brentwood area of Los Angeles for over $40 million. It’s a 16,000-square-foot home from a trust connected to Viet Dinh, former chief legal and policy officer for the Fox Corporation. Reportedly, the Compton rapper would be paying over twice as much for the property than what the previous owners paid for it in 2019, which was $19.5 million.

Furthermore, this comes after Kendrick Lamar’s Brooklyn apartment came up as a jab during the Drake beef, specifically on Drizzy’s “Family Matters.” While these claims also linked to infidelity accusations surrounding his partner Whitney Alford, many fans believe based on Instagram posts that she also moved to this apartment. However, it’s unclear who is moving into this new home, as they keep their personal and private endeavors pretty close to the chest. We know thanks to albums like Mr. Morale & The Big Steppers that their complex relationship remains a supportive and caring one.

Kendrick Lamar Performing At Life Is Beautiful 2023

Kendrick Lamar Buys House Los Angeles 40 Million Drake Beef Hip Hop News — Kendrick Lamar at Life Is Beautiful 2023 on September 23, 2023 in Las Vegas, Nevada. (Photo by Christopher Polk/Billboard via Getty Images)

Meanwhile, Drake’s Toronto home also came up in this feud, but less on wax and more in general. Kendrick Lamar featured his house on the “Not Like Us” cover art, along with Photoshopped child sex offender pins placed on top of it. Also, it was unfortunately a victim of a shooting in the Bridle Path neighborhood recently, which left one security guard shot and in the hospital. At press time, the motive, method, and connection behind this scare hasn’t been confirmed, so it’s worthless to speculate on whether this rap battle had anything to do with it.

In any case, it seems like Kendrick Lamar has a new home to enjoy in Los Angeles as his West Coast anthem continues to enjoy massive hit status. Whether or not this is the end of the Drake beef is a question we won’t be able to answer for at least a few months. Or at least, until someone throws the first subliminal the other’s way. We’ll see what happens with rap’s biggest battle in decades.

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Rick Ross’ $30 Million Mansion Only Cost Him A Fraction Of That, He Reveals

February 16, 2024 by newhiphopnews

It’s no secret that Rick Ross has a lot of cash, but evidently, he hasn’t made it all purely from his music career. During a recent chat with Dwyane Wade on The Why podcast, he chatted about investing, revealing that he’s always had a strong sense of where to put his money. In the clip, he explains that his sprawling 120-room “Promise Land” estate in Fayetteville, GA was purchased for only $5.9 million. While that’s certainly no measly chunk of change, it’s just a drop in the bucket of what it’s currently worth.

“When I bought the Promise Land I paid $5.9 million for it,” he explains. “It was estimated at over $30 million the last time we had it [appraised].” Not everybody saw Ross’ vision at first, however. According to him, his mother Tommie Roberts wasn’t convinced that the property was a wise purchase. “She’s like, ‘Will, the house got a damn 120 rooms. What the hell are you gonna do with 120 rooms?’”

Rick Ross Chats About His “Promise Land” Property

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Luckily, Rick Ross knew that his mother would see the bigger picture eventually. “I knew as long as I had that conversation with her I could convince her… She’s got my back regardless,” he says. “When she stopped questioning me and just looking at me… Because I don’t know, I don’t have the answer every time.” Clearly, Rick Ross had the answer at least that time, as his property is now worth nearly five times as much as what he originally paid for it.

What do you think of Rick Ross revealing that his property in Georgia is now worth nearly five times as much as he paid for it? Are you surprised? What about his mother questioning the purchase in the beginning? Share your thoughts in the comments section down below, and keep an eye on HNHH for more updates.

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Mark Zuckerberg’s Hawaii Compound Features Massive Underground Bunker: Report

December 17, 2023 by newhiphopnews

Mark Zuckerberg is reportedly building a mysterious underground bunker on his compound in Hawaii, according to a new investigation by Wired. Citing “a source familiar with the development,” the outlet says that “a tunnel that branches off into a 5,000-square-foot underground shelter” will connect two main residences. The shelter boasts a concrete-filled metal door, an escape hatch, an 18-foot-tall water tank and pump system, as well as agriculture and ranching structures to produce food.

In addition to the bunker, the property will feature “a web of 11 disk-shaped treehouses” connected by rope bridges “allowing visitors to cross from one building to the next while staying among the treetops.” A 6-foot stone wall also protects the entire 1,400-acre property. Zuckerberg has reportedly already hosted two tech industry events there.

Mark Zuckerberg & Priscilla Chan At The NASA Ames Research Center

MOUNTAIN VIEW, CALIFORNIA – NOVEMBER 03: (L-R) Priscilla Chan and Mark Zuckerberg attend the 2020 Breakthrough Prize Red Carpet at NASA Ames Research Center on November 03, 2019 in Mountain View, California. (Photo by Ian Tuttle/Getty Images for Breakthrough Prize )

A spokesperson for Zuckerberg and Chan told PEOPLE in a statement: “Mark and Priscilla value the time their family spends at Ko’olau Ranch and in the local community” and are working to preserve the ranch’s “natural beauty.” “When they acquired the property, they rescinded an existing agreement that would have allowed for portions of the property to be divided into 80 luxury homes. Under their care, less than one percent of the overall land is developed with the vast majority dedicated to farming, ranching, conservation, open spaces and wildlife preservation. This includes a large cattle ranching program, organic ginger and turmeric farms, a nursery dedicated to native plant restoration, and partnering with Kauai’s foremost wildlife conservation experts to protect native birds and other endangered or threatened wildlife populations.”

Further details about the property are unclear. Zuckerberg prohibits workers from sharing any information about it publically. Security guards patrol the grounds and use 20 security cameras to help keep the family safe. Be on the lookout for further updates on Mark Zuckerberg and his Hawaii property on HotNewHipHop.

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Cardi B Looks To Seize Tasha K’s Property

April 21, 2023 by newhiphopnews

Cardi B reportedly took a huge step towards collecting her $4 million defamation judgement from Tasha K- and it’s not pretty. Moreover, the court reportedly issued a “writ of execution” to the blogger and Kebe Studios LLC in Georgia on Thursday (April 20), according to AllHipHop. Said judgement permits Cardi to seize Tasha K’s property in order to gain the money owed from the rapper’s victorious case. Following a 2019 lawsuit, the court found Tasha guilty of invasion of privacy, defamation, and deliberate infliction of emotional distress in 2022. While she could seize more assets than just property, it’s still quite the aggressive turn for the case.

On that note, people online are split between seeing this as righteous retribution or going a little too far. “I love how Cardi not letting up on Tasha K! Shouldn’t have been talking s**t,” one user wrote on Twitter. Another differed; “I wish Cardi B would let that shid go…. I’m getting so tired of seeing this back and forth shid with Tasha K… Now she tryna take that woman house…. b***h you got money and a few houses Let it tf go!!! Got damn!!!”

Cardi B Wants Her $4 Million Defamation Judgement

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Given that Cardi B even checked to see if she got the payment, apparently that wasn’t the case. Also, Tasha K apparently responded to this new development on her Twitter account. Previously, she apologized to the 30-year-old after losing her appeal. Now, her response seemed to lightly refer to her other debts and hinted towards a payment queue. “Look! Sis & Law I Know you need that cause work is slow for all of us right now, but right now, I ain’t got it!” she tweeted. “But let your lawyers know that when I’m up, you gone be up & stuck… You get first dibs after this irs bill gets paid…”

Meanwhile, this is far from the only controversy Tasha K got into with a celebrity, although it’s certainly the most high-profile. For example, R. Kelly claimed that the blogger tampered with witnesses in his case. With all this in mind, hopefully these legal troubles find resolution in more amicable ways. Regardless, come back to HNHH for the latest news and updates on Cardi B and Tasha K. In addition, check out the latter’s apparent response to Cardi potentially seizing her property down below.

Tasha K Responds

Meek Mill Questions Why Rick Ross Bought Another Property Of His

April 20, 2023 by newhiphopnews

Rick Ross is well-known for his massive money moves, although that has Meek Mill asking some questions. Moreover, Rozay just bought another property from Meek, this time being his $4.2 million Atlanta mansion that he bought a couple of weeks ago. However, it was only on Wednesday (April 19) that the Philly MC took to Twitter to express some curiosity as to what the Maybach Music mogul is doing with all that land, as he apparently bought even more. “Ross bought another crib off me for a ‘m’ yesterday!” he wrote on the social media platform. “I had to ask him tf you doing with all this property.”

What’s more is that we apparently have a vague answer to that question by way of Rick Ross’ realtor. In fact, apparently he bought Meek Mill’s mansion in ATL in cash. Of course, frequent followers of the “Hustlin’” MC know that he already owns an expansive estate in Georgia titled “The Promise Land.” “I’ve been working to make an impact in the luxury market and this did just that,” realtor Alisha Gillooly remarked about this recent acquisition.

Meek Mill Wonders Why Rick Ross Bought Another Of His Properties

Furthermore, Meek Mill had this home on the market for about two years, and recently uploaded a video tour of it to his Instagram. Also, he said that he didn’t even know Rick Ross purchased the home until after they signed the deal. In the video tour, he joked that his realtor wasn’t selling the property fast enough, and apparently it worked. “MANSION FOR SALE IN ATL,” he captioned the video. “My realtor not getting this off fast enough & I think I can lol. I never moved in it had for a few years.

“Sandy springs/buckhead area!” the “Dreams and Nightmares” MC continued. “When somebody get traded to the hawks or falcons come grab this Jawn! I’m not even gone tag who shot this s***ty video lol!” Moreover, the two recently teased an upcoming collaboration with pictures of them in the studio together. As such, they have more money moves on the way, for sure. Regardless, log back into HNHH for the latest news and updates on Rick Ross and Meek Mill.

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Rick Ross Addresses Buffalo Debacle With Neighbor

March 20, 2023 by newhiphopnews

Having a stray cat show up at your front porch is one thing, but a 2,000 pound buffalo? That’s just an animal control frenzy waiting to happen. Rick Ross recently addressed reports that his pet buffaloes were intruding on a neighbor’s yard, who did not take kindly to them. Moreover, she lives behind Ross’ “Promise Land” property in Fayetteville, Georgia, and said that the animals roughed up her yard and pose a threat to her kids, who typically play outside. On his Instagram Story, the rapper thanked neighbors who alerted him of their escape. Also, he clarified that they don’t harm humans, which is as directly as he addressed the specific neighbor that complained.

“Everybody that wanted a statement and a response for my bulls, my cows [and] a couple of buffaloes that got away in the community, this is my response,” he expressed. “I always return stray animals. Make sure to always keep a collar on your animal. And mine don’t have a collar ’cause you know it’s mines. So when you see my buffalo, give it a carrot. Give it an apple. They’re so kind and so peaceful. Thank everybody for watching. Thank everybody for making sure all my animals got back into the Promise Land…all my neighbors, Fayetteville, y’all the best, boss.”

Rick Ross Addresses Buffalo Escape

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In another clip, he actually thanked TMZ for breaking the story and further showed appreciation to his neighbors. In addition, he clarified once again that his pets are just grazers, and not meat-eaters. Of course, he wouldn’t be Rick Ross if he didn’t promote one of his many business ventures. As such, the clips tag his Deacon whiskey and, in the exclusive clip where he thanks TMZ, he invites viewers to “have a drink on me.”

Meanwhile, the Carol City MC recently linked up with Meek Mill, and they’re apparently dropping new music soon. The two are frankly iconic collaborators at this point, if only for their classic “Ima Boss.” However, there’s always room for improvement, so hopefully they drop another bonafide banger sooner rather than later. Regardless, stick around on HNHH for the latest news and updates on Rick Ross and his massive pets.

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