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Russell Simmons at a New York City appearance in 2014 to promote his book on meditation. Rob Kim/Getty Images hide caption

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Rob Kim/Getty Images

More Women Come Forward To Accuse Russell Simmons Of Rape, Sexual Assault

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Russell Simmons, co-founder of the hip-hop label Def Jam, announced he would step down from the leadership of the businesses he founded. Vivien Killilea/Getty Images for Fast Company hide caption

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Vivien Killilea/Getty Images for Fast Company

Russell Simmons says the problem with RushCard "has been devastating" for its customers. "We want to make sure they are made whole," he said in an exclusive interview with the Associated Press. Scott Roth/Scott Roth/Invision/AP hide caption

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Scott Roth/Scott Roth/Invision/AP