Russell Simmons? We could see it…but Reverend Run? Stealing? Say it ain’t so!
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.
Calls to Russell and Rev. Run’s people haven’t been returned.