By Robert Stitt
Kimora Lee Simmons is an international supermodel, actress, and clothing designer. She was one of the minds behind Baby Phat and launched the KLS Collection. She recently opened a high-end boutique in Beverly Hills. Simmons can be seen on film in Beauty Shop, Brown Sugar, and Waist Deep as well as in music videos for Ginuwine and Usher. If it sounds like her life is pretty sweet, consider that she is on her third husband, Tim Leissner, and he is now being investigated by the FBI and international agencies for money laundering. They haven’t ruled out her involvement, either.
Tim Leissner is a regional chairman of Goldman Sachs. Part of his job includes working with the Malaysian government. Per The New York Post, the FBI claims Leissner went beyond the scope of his duties and laundered nearly $6.5 billion. He is being charged with money laundering and misappropriation of funds.
According to the Post, Leissner helped set up the 1Malaysia Development Berhad (1MDB), a state fund which paid Goldman Sachs ridiculous commissions for bond sales. Then, almost $700 million of the money ended up in the bank account of Malaysian Prime Minister Najib Razak. Reports show that commissions averaged 9.1 percent when most bond commissions top out at 5 percent.
Leissner’s wife, Kimora, is reported to have had a close friendship with the Prime Minister’s wife, Rosmah Mansor. The question is whether or not she knew about her husband’s deals. The FBI is certainly considering her possible role in their case and is looking at all angles. Currently, they are following the money through an intricate web that has taken them to five continents.
For its part, Goldman Sachs may face a congressional inquiry. “People are smelling something here,” Gary Swiman, head of compliance and regulatory consulting services at EisnerAmper, told The Post. “This has been a disaster for Goldman.”
Leissner has been unavailable for comment. Goldman Sachs has given the standard response to all news agencies, thus far: no comment.