Dr. Dre business associate accuses rapper’s estranged wife Nicole Young of stealing money TWICE from a business account … as couple’s billion dollar divorce rages on
- Beats founder’s legal team says Young had no legal claims to monies withdrawn
- Young has filed court docs asking for almost $2 million monthly from the rapper
- Nicole filed for divorce from artist earlier this summer after 24 years of marriage
- They share two children – son Truice Young, 23 and daughter Truly Young, 19
- It has been claimed Dre is fighting her request as he argues she has all she needs
- The exes have been at odds over their prenuptial agreement
- Young said she initially signed one before their May 25, 1996 wedding
- But Dr. Dre later destroyed it during the better times in the marriage two years later, she has stated
Dr. Dre’s business associate Larry Chatman is accusing the rapper’s estranged wife Nicole Young of stealing money from a business account on two occasions.
Record One studio co-founder Larry Chatman, according to TMZ, has had his legal team correspond with Young over two transactions involving the business account: one last month in the amount of $353,000, then another for $31,457.
Young’s name was removed from the account before the latter withdrawal, and she had no legal access to the funds, according to Chatman’s lawyers. Dr. Dre and his legal team have sent communications to Nicole and her team that the money be put back into the account immediately or they will sue her for the balance.
The latest: Dr. Dre’s business associate Larry Chatman is accusing the rapper’s estranged wife Nicole Young of stealing money from a business account on two occasions. The former couple was snapped in 2017 in LA
Young’s lawyer Bryan Freedman said that the latest move from Dr. Dre’s camp amounted to ‘a clear attempt to smear Nicole’s name,’ telling the outlet she was authorized to the funds she withdrew amid the marital split.
‘As people are well aware, banks do not give out money to people who are not authorized to receive it,’ Freedman told the outlet.
He previously told TMZ that Dr. Dre’s complaints about the initial transaction amounted to a ‘low-grade PR stunt’ intended to distract from the details of the divorce.
‘This is just a low-grade PR stunt by Andre and his team to try to change the fact that he was caught red-handed and sued for trying to cheat Nicole out of community property to which she is entitled,’ he said. ‘There is no question that Nicole had both the contractual and the legal right to have taken this action and Andre’s team is well aware of this fact.
The former N.W.A. member and Young have been at odds over a prenuptial agreement, according to the outlet
Wealthy: The rapper has a net worth of around $800 million. He was snapped in LA in 2018
‘Any suggestion she did something untoward is preposterous and pathetic.’
Nicole was previously classified as a trustee and signatory on the account in question, according to the outlet. Record One lawyers previously said that Nicole had committed ‘blatant and unjustifiable criminal embezzlement of corporate funds’ with the cash withdrawals.
Insiders with Dre’s camp have told TMZ that Nicole’s claims he’s been emptying the account is false.
Split: Young filed for divorce from The Next Episode artist earlier this summer after 24 years of marriage
Young filed for divorce from The Next Episode artist earlier this summer after 24 years of marriage, as they share two children – son Truice Young, 23 and daughter Truly Young, 19.
The Been There, Done That artist and Young have been at odds over a prenuptial agreement, according to the outlet.
Nicole, who was previously wed to NBA player Sedale Threatt, said she initially signed one, but Dr. Dre later destroyed it during the better times in the marriage.
The Beats Electronics founder in court docs has claimed full possession over the family’s $1 billion and property, leading Young to request $1 million to ‘maintain the financial status quo.’