Jensen wrote that he estimates delivering more than $1 million to several women throughout 2011 at the instruction of Sydney Holland, Redstone's girlfriend.
"Holland would give me a check made out to 'cash,' usually for several thousand dollars, and, per her orders, I would take the check to the Bank of America, where the teller would put money in an envelope," Jensen said. "I was such a regular visitor to the bank branch that the tellers knew me."
Jensen added, "Holland had aligned herself with Redstone and was reaping significant financial benefits."
Jensen said he was let go in November 2012 after his relationship with Holland soured and was offered a $36,000 nondisclosure agreement, which he refused.
Patty Glaser, an attorney for Redstone and Holland, told the publication: "Tim Jensen is a disgruntled ex-employee of the Viacom-Paramount film group. He has made claims in the past, and we don't believe they have any merit. In writing, Mr. Redstone and Ms. Holland told Paramount they wished that he no longer drive them and they wished that he be relocated within the company.".
Viacom did not immediately respond to CNBC's request for comment and declined THR's request for comment.
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