CRISIS! Diddy Facing FINANCIAL RUIN as Brands ABANDON HIM & Lawyers Costs SOAR! PR Experts REACT!
2,731CRISIS! Diddy Facing FINANCIAL RUIN as Brands ABANDON HIM & Lawyers Costs SOAR! PR Experts REACT!
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Excerpt from NY Post
Diddy faces cash crisis with billionaire lifestyle, soaring lawyers’ fees and no obvious income
Sean “Diddy” Combs appears to be facing a cash crisis as hefty legal bills mount and income from lucrative partnerships dries up, analysis of Diddy’s finances by The Post shows.
Diddy, 54, still lives the expensive lifestyle of a high-profile rap star despite the FBI raid — which he called a “witch hunt” — on his home in a s*x-tr*fficking probe amid a series of civil suits.
He was about to board one private jet in Miami when SWAT teams stormed into his homes in Miami and Beverly Hills last month — while the Gulfstream he owns was last spotted in Antigua.
The Post’s analysis puts Diddy’s total annual bills conservatively at $35m per year — without the impact of his secret settlement with Cassie.
Excerpt from Rolling Stone
Sean Combs’ Homes Raided as Part of S*x Tr*fficking Investigation
Officials descended upon the rap mogul's Los Angeles and Miami homes on Monday, four months after singer Cassie accused him of se*ual a**ault and s*x tr*fficking
OFFICIALS RAIDED TWO of Sean Combs‘ homes on Monday, a law-enforcement source confirmed to Rolling Stone, as part of a federal s*x-tr*fficking investigation. Led by Homeland Security, the raid was carried out just four months after the rap mogul’s ex-girlfriend, singer Cassie, accused Combs of s*x tr*fficking.
Helicopters and agents were seen swarming Combs’ Los Angeles mansion on Monday afternoon. Footage of the scene appeared to show some men — later identified as Combs’ sons Justin and King — detained and waiting outside of the Holmby Hills house. Officials were also present at Combs’ Miami residence. Combs was in Florida at the time of the raid, according to NBC News, and officials reportedly seized his phones before the Bad Boy Records executive was scheduled to leave for a trip to the Caribbean.
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