Russell Simmons Denies Theft Accusations

A Thief? Mogul Russell Simmons Denies Accusations

russell simmons speakingNews broke earlier this week that hip-hop mogul Russell Simmons and his brother Rev. Run were responsible for stealing millions of dollars from former Run Athletics President, Rasheed Young.

According to TMZ, the former Run Athletics exec is claiming that the famed brothers were “secretly funneling revenue from their company into a separate account.” After staying mum since word hit the news, Simmons finally opend up to TMZ while walking the streets of Los Angeles. “[Rasheed] worked for me … I fought to keep his job … and I’m sorry he’s disgruntled, but that’s what happens. Anyone can say anything if a celebrity’s name’s attached to it … there’s nothing I can do about it … it’s false.” He continued, “We never stole any money from anybody.”

Russell clearly states that Young’s accusations are “not true,” and are nothing more than the remarks of a “disgruntled employee.”