Posts

Showing posts with the label Dr. Dre

Dr. Dre's Record Co. accuses estranged wife, Nicole Young of 'decimating' bank account.

Image
Nicole Young is faced with an accusation of draining the primary business account dry and even criminal embezzlement by Record One, a company Dr. Dre and Nicole founded together. Record One which is operated by an LLC with Dre, Nicole and a guy named Larry Chatman as officers was founded in 2015. However as Nicole and Dre's divorce gets more intense, an investigation into the alleged wrongdoing of the ace music producer's estranged wife has been launched.  Attorney Ed McPherson who reps the LLC that operates Record One, also attached a check which backs claim of Nicole decimating the company's bank account last month to the tune of $363,571.85.  Nicole who is asked to return the cash she allegedly took no later than a week from Tuesday, is accused of "blatant and unjustifiable criminal embezzlement of corporate funds," as well as a breach of her fiduciary duties. However reacting to this, Nicole's lawyer, Bryan Freedman told TMZ; "

Dr. Dre accused of hiding assets and domestic violence by estranged wife Nicole in new documents.

Image
Dr. Dre has been accused of hiding assets and domestic violence by Nicole Young, his estranged wife. As the saga continues, Nicole Young, the estranged wife of Dr. Dre, has alleged that she was a victim of domestic violence throughout the course of her marriage to Dr. Dre. However, she does not outline any specific details about the abuse she allegedly endured. Sources close to Dre told TMZ, "In their 26 years together, there has never been any hint or claim of threatened or actual physical violence and the insinuation is an insult to actual victims of domestic abuse." Nicole also alleged, in new court documents, that Dre has created a new holding company for what she claims is "community property," namely, the trademarks for "Dr. Dre" and "The Chronic." However, sources close to Dre have noted that "They were married in 1996. Chronic came out in '92 and Dr. Dre used his name since the 80's, so it's all his and his al