Hip-hop mogul Sean 'Diddy' Combs has apparently sold most of his assets on discounted prices to raise money in the face of increasing legal fees. He had faced a litany of serious charges, after being taken into custody, for quite some serious offenses, including sex trafficking and racketeering . According to sources, Diddy is selling his properties and other assets at prices below their true worth just to cover the increasing costs of legal fees.
Reports indicate that his arrest occurred on a Monday night, with his bail having been denied twice. In addition to the criminal charge against him, a judge in Michigan has smacked a $100 million civil default judgment against Diddy. This ruling is attributed to one of the lawsuits filed by a man named Derrick Lee Cardello-Smith who accused Diddy of drugging and rape 27 years back at a party in Detroit.
Cardello-Smith, currently serving a 75-year prison term on other charges, claims that Diddy drugged his drink in 1997 before raping him when he was unconscious. Although Diddy has denied those claims, he didn't file a countersuit and allegedly is paying $10 million monthly to settle that case. This is one of various suits filed against Diddy, wherein a number of instances of rape or physical abuse have been made against the rap king.
Earlier, his former girlfriend, Cassie Ventura , had filed a lawsuit accusing him of having physically abused her for ten years. That case was, of course, quickly settled, since Diddy himself dismissed all the allegations against him, terming them "sickening." In related news, media reported that Diddy was trying to sell his home in Los Angeles, an estate of more than 17,000 square feet, which had been raided by the FBI last year as part of an investigation into his financial transactions.
According to insiders, this is only adding to the pressures on Diddy as he remains entangled in these lawsuits..
