Janky Entrepreneurs: Rev. Run’s And BDR’s Ex-Business Partner Claims They Stole MILLIONS In Pastry Sneaker Revenue From Him!!

- By Bossip Staff Categories: Jesus Take The Wheel, Lawsuits, Making it Rain on Them Hoes, News, Shady View Comments

Rev and Russ

Has there been a hi-jacking in Hollis??

Rev. Run And Russell Simmons Allegedly Stole Millions From Pastry Business Partner

According to TMZ reports:

Russell Simmons’ and Reverend Run’s business partner has declared war on the hip hop moguls — claiming they’ve hijacked MILLIONS in profits from their kids shoe company … and now, he’s gearing up to sue.

Lawyers for Rasheed Young — President of Run Athletics — sent Russell and Rev. Run a letter back in November, accusing the brothers of secretly funneling millions in revenue from their Pastry brand of footwear … into a company that Rasheed isn’t a part of.

Rasheed claims Pastry has raked in tens of millions in sales — and so far, he hasn’t seen a penny of it.

Sources close to Rasheed tell TMZ, Russell and Rev. Run have been stonewalling him ever since he sent the letter — refusing to respond to Rasheed’s demands — so now he’s cranking up the legal heat.

Rasheed’s demanding the Simmons brothers fix the screwed-up business structure ASAP … and pay him his share of the shoe profits. If they don’t, Rasheed says he’ll sue.

We can’t say we’re totally surprised at BDR, but we never thought Rev. would turn into one of these suspect, money-grubbin, preachers.

They got some ‘splainin’ to do.

Image via AP

We Recommend

More on Bossip

Funniest, Creepiest & Shadiest Comments Left On Amber Rose’s Instagram Pics

Put On Blast: Celebrities Who Got Caught Thirsting And Following On Instagram

Celebrity Cribs: NFL Baller Darren Sproles Drops $2.8 Million For This Majestic SoCal Compound [Photos]

Pure Comedy: Twitter Goes Into A Uproar Over Amber Rose’s Instagram Thirst Traps


blog comments powered by Disqus