Russell Simmons, a prominent figure in the entertainment industry and a long-time associate of Tim Leissner, is poised to see a substantial payday from nearly ten million Celsius shares, valued at over $350 million, following the approval of a settlement in the Def Jam co-founder’s recovery from the 1MDB forfeiture case. This monumental payout, a result of a complex financial maneuver involving a $3 million investment made in 2015 through a company called Nu Horizons Investment Group, represents a significant escalation in the ongoing investigation into the 1MDB scandal, a multinational money-laundering scheme that has captivated global attention. The entire situation traces back to a $3 million investment made by Simmons in 2015 through the company, which he co-managed with Tim Leissner, a former Goldman Sachs banker.
Source: AllHipHop
