Home Videos Photos Shop
PerezHilton CocoPerez Kim K. Lena Dunham Paris Hilton Selena G. PerezTV

Simon Cowell Accused Of Helping Friend Hide Millions

| Filed under: Legal MattersSimon Cowell

Simon Accused Of Hiding Funds

And we're not talking like, one or two million here.

We're talking $652 million. That number, folks, is relatively close to a billion. Think about it.

Simon's reps are dismissing the allegations, of course, and we don't expect that this is actually true of him at all. He seems like a respectable guy, and that is a LOT of money to keep hidden.

Here's what happened anyway:

When asked by her husband, who is acting on his own behalf in the court battle, "Who are hiding my assets?" she named Cowell, wealthy UK retailer Sir Philip Green and restaurateur Richard Caring.

When the judge asked her if she was really saying there was "a huge conspiracy involving a lot of people who would otherwise be regarded as respectable, to hide his assets?" she replied "Yes."

The judge said, "These are serious allegations against well-known people."

She, Michelle Young, seems pretty confident in what she's saying, and if it's true that despite claiming bankruptcy last year due to an unpaid tax bill he's still riding around in a Ferrari and living like a boss, there might be some validity to him hiding some of it somewhere.

But like we said, we doubt that Cowell actually has any involvement. That would be super risky for him, and we just don't see such a calculated and openly honest man taking that kind of chance.

Do U think it's a possibility??

UPDATE: Cowell’s rep has responded to this by saying “these allegations are completely and utterly untrue and our lawyers are contacting Mrs Young about her statements today."

His barrister has gone to court to deal with the situation.

[Image via WENN.]

Tags: , , , , , , ,

The Biggest Scandals To Ever Hit The Country Music World
Former Child Stars & Their Scandals Since Stardom!
From Farce To Fatality -- Biggest Festival Fails Of All Time
The Biggest Kardashian/Jenner Business Fails!
Blac Chyna Vs. Rob Kardashian: Their Most Turbulent Moments!
Celebs With The Most Expensive Cars!

9 comments to “Simon Cowell Accused Of Helping Friend Hide Millions”

  1. 1

    Probably true, men do this often when getting divorced.

  2. 2

    I aint mad @ him, Its something all men think about doing.

  3. Laura says – reply to this


    that's how wealthy ppl do - and they dont pay taxes on it

  4. mac14 says – reply to this


    I would hide my millions and would help my friends hide their millions if someone who did nothing to deserve them wanted to take them.. this wouldn't surprise me in the least, she should be working on getting a job..

  5. 5

    Searching for forensic accountant anywhere near the wife's name. . .no match.

  6. 6

    That is not that close to a billion. Who needs a math lesson? It is much, much closer to a half a billion than a billion.

  7. 7

    I can solve all their problems. Give it to me I will hide it! LOL!

  8. 8

    It's close to 1 billion Perez? Really? Are you sure you're weren't a math major in college? LOL!!!!

  9. 9

    Re: diamondheart – Yeah, one of my ex-stepfathers did that to my mother. He gave his current wife some assets to hide so he could stop paying my mom alimony by declaring bankruptcy (he had lost his good job right after him and my mom divorced). But anyways, it backfired on him BIG TIME. Not only does he still have to pay alimony, his piece of trash current wife actually STOLE the money that he gave to her to hide, and never gave it back! Ha!