Diddy's Former CFO Testifies: Millions in Transfers and Hidden Cash?

Diddy's Former CFO Derek Ferguson Testifies in High-Profile Trial: Key Revelations and Questions Raised The ongoing trial of Sean Combs (Diddy) took a significant turn with the testimony of Derek Ferguson, Diddy's former Chief Financial Officer. Ferguson's testimony provided insights into Diddy's financial practices and business operations, raising questions about transparency and potential financial irregularities. The testimony took place in [Location of the trial], and details were captured in a viral TikTok video. Ferguson confirmed his employment with Combs from 1998 to 2017. He described his bonuses being determined by 'company results and my performance,' a common practice in corporate settings. However, the questioning shifted to his involvement in managing Combs' personal finances, which Ferguson admitted to at times. The prosecutor then probed into Ferguson's communication methods with Diddy, revealing that they communicated via pagers in earlier years, before transitioning to text messages in more recent times. The testimony included discussion of significant internal transfers of funds, totaling nearly a million dollars, which Ferguson claimed to not recall. This lack of memory raised concerns, as the prosecutor highlighted the scale of these transactions. "That's damn near a million dollars!" the video's creator exclaims in response to Ferguson's testimony. The video also shows the prosecutor presenting bank records and questioning Ferguson about various accounts, including one linked to "Janice Combs Music Inc." Ferguson confirmed that the companies paid Combs through various means, including salary and distributions. The video also touches upon the properties Diddy owned, held under LLCs for anonymity and tax benefits, and mentions the use of petty cash accounts and cash advances for expenses. The trial continues, and the details revealed in Ferguson's testimony are likely to play a significant role in the outcome. The video's creator concludes by emphasizing that this is just their interpretation of the events, highlighting the ongoing complexity of the case.