Billion Dollar Bust! Kimora Lee Simmons’ Husband, Tim Leissner Might Get Locked Up For How Many Years?!

by Brianna Williams

December 19, 2018

Photo by Araya Diaz/Getty Images for The Weinstein Company

Things are not looking good for Kimora Lee Simmons‘ husband, Tim Leissner. The country of Malaysia is filing criminal charges against Goldman Sachs and Leissner, who is one of the company’s former executives. The charges placed on the businessman and another former executive, Roger Ng Chong Hwa are for stealing billions of dollars from the state investment fund, 1Malaysia Development Berhad (1MDB) to reportedly buy expensive gifts for various stars.

Leonardo DiCaprio arriving for the UK Premiere of The Wolf of Wall Street, at the Odeon Leicester Square, London. (Photo by Ian West/PA Images via Getty Images)

Allegedly, part of the stolen money was used to finance the movie “Wolf on Wall Street,” as well as buy things for celebrities like jewelry, a yacht, expensive artwork, and even a transparent piano for model Miranda Kerr. Last month Leissner accepted a plea deal and agreed to pay back at least $47 million after getting caught up in this billion dollar money laundering scheme. Tim might have thought he was off the hook but, clearly, that isn’t the case.

According to reports, Malaysia’s Attorney General Tommy Thomas and his office want to put Kimora’s husband and Chong Hwa in prison for up to 10 years.

In a press release, Thomas said: “Their fraud goes to the heart of our capital markets, and if no criminal proceedings are instituted against the accused, their undermining of our financial system and market integrity will go unpunished.” 

NEW YORK, NY – SEPTEMBER 10: Family portrait of Tim Leissner and Kimora Lee Simmons Leissner with their son Wolfe attend the Kimora Lee Simmons Presentation Spring 2016 New York Fashion Week: The Shows at on September 10, 2015 in New York City. (Photo by Randy Brooke/WireImage)

On the other side, Goldman Sachs is denying even being involved in the scheme. Edward Naylor, a bank spokesperson said: “We believe these charges are misdirected and we will vigorously defend them and look forward to the opportunity to present our case. The firm continues to cooperate with all authorities investigating these matters.”

So what’s the real story?

Leissner previously worked for Goldman Sachs as the chairman of their operations in Southeast Asia and stepped down in 2016. He’s been married to the fashion mogul since 2013. They have a 3-year-old son together, Wolfe Lee Leissner, in addition to Kimora’s other children: Ming Lee Simmons, Aoki Lee Simmons, and Kenzo Lee Hounsou.

TELL US: Do you think he’ll go to prison?

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