The estranged wife of rap mogul Dr. Dre has been accused of embezzling money from a limited company set up by the former couple in 2015.
Attorneys for Record One recording studio claim Nicole Young has drained funds from the company’s primary business account, five years after setting up the company with her 55 year-old husband.
50-year old Nicole Young is accused of “blatant and unjustifiable criminal embezzlement of corporate funds” by attorney Ed McPherson, a representative for the limited liability company (LLC) responsible for managing Record One.
A check for $363,571.85, allegedly written by Young, addressed to herself and dated August 27th, 2020 has also been submitted as evidence of her ‘draining’ the company coffers.
Young’s lawyer Bryan Freedman has since dismissed the claim as a tactical move by Dre.
Record One launched in 2015 with the former couple and business associate Larry Chatman serving as officers of its LLC.
Young previously claimed she co-owns the trademark to his name in explosive court documents submitted after their separation was confirmed in June.
In her lawsuit, Young alleged that Dre ‘secretly’ transferred ‘valuable trademarks’ to a ‘newly created asset’ holding company, including his 1992 debut album, The Chronic.
Young’s team reported that Dre’s transfer of property, which ‘he owned with’ the mother of his two children, occurred without her ‘knowledge or consent.’
Then, she alleges, he ‘threatened to file divorce.’
The latest suit furthers that the ‘valuable trademarks’ were filed during Andre’s years married to Nicole, which coincided with Andre’s years of rising success in the music industry.’