Diddy's net assets of 400 million US dollars are at risk if the government takes its assets –

Sean “Diddy” Combs once had the status of the billionaire, but in the middle of the federal government for investigating sex trade and extortion of allegations is the remaining 400 million dollar, which remains its net assets, reports on the risk of the government's confiscation.

The competitive team of the competitive hip-hop mogul has brought a former public prosecutor with three decades of experience with loss of wealth and money laundering in the Ministry of Justice. Fox news Reports. The step comes when Combs tries to protect a number of assets, including real estate, luxury items and business companies that could be targeted by the government.

“Rico's decline should be very wide and therefore has significant consequences,” said Stefan Cassella USA TODAYReferring to the limited details, he was able to report about Diddy's case because of his participation as a consultant. “So it will be going on what you can prove, was part of the company.”

Combs, whose process began this month, has serious legal difficulties with a number of federal costs, including blackmail, sex trade with violence, fraud or coercion and transport for prostitution. The Rico ranking raised by the US Ministry of Justice also loses the risk of loss of assets associated with alleged criminal activities.

“This is a very, very largely formulated allegations of confusion. It doesn't look like there is any kind of pre -fittings that they count for it” Cnn'S Laura Coates.

“And they named the enterprise in a very broad way, the Rico. The Rico is essentially everything he has touched in his business world, whether record labels, spirits labels, airplanes, trains and automobiles.”

What may be on the hack block? Several high-end real estate, including an estate of almost $ 40 million in Holmby Hills in LA, a house of $ 5.25 million in Toluca Lake, two side-by-side-water front on Miamis Star Island, bought $ 14.5 million, and a condominiums in Miami, which is worth almost $ 3 million is.

In addition to its properties, Combs has a gulfstream jet of 25 million US dollars via his company Loveair LLC and a luxury car collection worth around 1.6 million dollars in addition to its real estate. The line-up includes a Rolls-Royce Phantom of $ 500,000, a Ferrari 360 spiders, a Lamborghini Gallardo Spyder and a Cadillac Escalade.

The founder of Bad Boy also has a remarkable art collection, including Kerry James Marshall's PastThat he bought in 2018 at Sotheby's for 21.1 million US dollars.

“Something [Combs] As an artist, it has probably lost a considerable value, as did his brand, ”said John Branca, Michael Jackson's real estate lawyer, told Forbes.

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