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Russell Simmons is the latest in a slew of celebrities who have been accused of sexual assault. A woman has come forward with a claim that he assaulted her in 1991. She is the second woman to come forward with allegations against him. Russell responded to the second accusation with a thoughtful, reflective statement of remorse and apology.

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Not only did he apologize, but he is stepping down from the limelight around all of his business ventures. Click on the audio player to hear more in this exclusive clip from Hip-Hop Spot on “The Rickey Smiley Morning Show.”

Listen to “The Rickey Smiley Morning Show” LIVE every weekday from 6/5am C.

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