Dr Dre, his future ex-wife, Nicole Young, and a man named Larry Chatman founded a recording studio in 2015, and now it looks like Nicole could be facing legal issues over the money that would belong to the studio.
According to a report by TMZ this morning (September 21) attorneys for the recording studio Record One accused Nicole of emptying the company’s bank account and even accused her of embezzlement. In a letter allegedly written to the legendary beatmaker’s ex-wife, attorney Ed McPherson who represents the studio, alleged that Nicole had “decimated” the company’s bank account last month from 363,571.85 $. The outlet also obtained an image of a check written to Nicole, dated August 27, for $ 353,571.85.
The letter further accuses Nicole of “blatant and unjustifiable criminal embezzlement of business funds” and breach of her fiduciary duties, which is her role to act in the best interests of the business.
Dr Dre and her partner, Chatman, are demanding that Nicole return any money she would have withdrawn from their company’s professional account no later than one week from tomorrow (September 22), which would be September 29. If she doesn’t, lawyers at the recording studio say they’ll file a lawsuit against her.
Nicole’s attorney, Bryan Freedman, told TMZ: “This is just a substandard publicity stunt by Andre and his team to try and change the fact that he was caught. in the act and prosecuted for attempting to deceive Nicole out of the communal property to which she is entitled. There is no doubt that Nicole had both the contractual and the legal right to have taken this step and the team of ‘Andre is well aware of this fact. Any suggestion that she did something untoward is absurd and pathetic. “
The recently filed divorce between Dre and Nicole does not appear to be going smoothly. Earlier this month, Nicole accused her near-ex-husband of hiding property. She claims that he created a brand new holding company that he only owns and that he transferred common assets there. The assets she is supposed to talk about are trademarks for the name “Dr. Dre” and his album “The Chronicle. “
Nicole Young filed documents for her legal separation from Dr Dre, whom she had been married to for over 20 years, in June.
XXL reached out to a representative for Nicole Young and Dr Dre for comment on this.
Here are some hip-hop throwback photos you must see