Dr Dre’s estranged wife is under investigation by the LAPD for embezzling more than $385,000 from rapper’s business account amid couple’s $1billion divorce
- Nicole Young is accused of stealing $385,029 from Dr Dre’s business account
- She is reportedly under investigation after the rapper’s business partner Larry Chatman filed a police report
- Chatman claims Young embezzled funds from their Record One studio on two different occasions, including one six-figure withdrawal in August
- Young in response said she was entitled to the money as a trustee of the account
- Her name, however, was removed after the first withdrawal, according to Chatman’s legal team
Dr Dre’s estranged wife Nicole Young is reportedly under police investigation amid claims she embezzled more than $385,000 from the rapper’s business account.
Young is accused of stealing funds from Dre’s Record One recording studio on two occasions, including one withdrawal of $353,571.85 in August.
The LAPD is reportedly looking into the matter after studio co-founder Larry Chatman filed a police report against Young, TMZ reported on Tuesday.
Young, who filed for divorce from Dr Dre earlier this summer after 24 years of marriage, had earlier claimed in proceedings that she was entitled to the money since she was a trustee of the account.
Nicole Young (pictured right) is accused of stealing funds from Dr Dre’s Record One recording studio on two occasions, including one withdrawal of $353,571.85 in August
Young filed for divorce from the artist earlier this summer after 24 years of marriage. The couple have been at odds over a prenuptial agreement and the rapper’s $800million net worth
Chatman’s attorneys however, say her name was removed after the first withdrawal, meaning she had no legal access to the funds.
DailyMail.com has contacted the LAPD and Young’s lawyers for comment.
Dr Dre and his legal team last month sent communications to Young and her team demanding the money be put back into the account immediately or she would face legal action.
Young’s lawyer Bryan Freedman called the move ‘a clear attempt to smear Nicole’s name,’ telling TMZ she was authorized to withdraw the cash 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 ‘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.
Young is reportedly under investigation after Dre’s business partner Larry Chatman filed a police report
‘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. Any suggestion she did something untoward is preposterous and pathetic.’
The investigation comes after a Los Angeles judge ruled Dr Dre will not have to pay Young $6.5million in expenses related to their split.
Young had requested her estranged husband pony up $5million for lawyers fees and $1.5million in incidental expenses, including security, as her legal team said she’s been threatened amid the separation.
A judge dismissed her request earlier this month, noting Young had previously fired a security detail the rapper had hired for her, according to TMZ.
Young filed for divorce from the artist earlier this summer after 24 years of marriage, as they share two children – son Truice Young, 23 and daughter Truly Young, 19.
Dre and Young have been at odds over their prenuptial agreement. Nicole, who was previously wed to NBA player Sedale Threatt, said she initially signed one, but 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 $1billion and property, leading Young to request $1 million to ‘maintain the financial status quo.’