Diddy lost his pants — and unveiled an ashy pair of kneecaps — during his 40th birthday party in New York City last weekend.

Mase is free as a breeze. The rapping pastor crashed Dirty Money’s interview at Atlanta’s V103 radio station over the weekend with a pen and paperwork that would free him from his contract with Diddy — which the Bad Boy boss signed. Who ever said there was no way out of Bad Boy?

Diddy lost one of his diamond-studded rings — worth $20,000 — after it flew off his finger and into a crowd of fans during a taping of BET’s 106 & Park on Tuesday.

The NY Post claims the mogul accidentally flung a diamond-studded ring into a raucous crowd as he hurled bundles of cash off a stage at CBS Studios in Midtown Manhattan yesterday afternoon. After noticing that his ring was gone, Diddy ordered his security tpsearch all 160 audience members — mostly teenagers –after filming wrapped.

The search came up empty.

“Ok diddy lost his ring . . . and now there frisking all the kids like this is rikers lite,” a user named PWillzNYC posted on Twitter later. Another Tweeter, named dbaumz, tweeted, “[W]hen it was over, diddy held us hostage lookin for his lost ring. dont like him no more!!!”

One spywitness chuckled: “He ain’t getting’ it back. Someone pocketed that, and they probably took it to the nearest jeweler.”

Check out the newly-released trailer for the second season of Diddy’s reality drama I Want to Work For Diddy.

I Want to Work For Diddy 2 premieres Monday, Nov. 2 @ 10PM on VH1! Will you watch?

Shyne hasn’t made peace with Diddy — not now, not ever! The once-promising rap star saw his career cut short when he was sentenced to 10 years in prison on charges related to a shooting — also involving Sean “Diddy” Combs and Jennifer Lopez — at Manhattan’s Club New York in 1999.

Diddy was acquitted. After nearly nine years, Shyne was released from prison earlier this week, but remains in custody at the Buffalo Federal Detention Facility pending the possibility of deportation to his native Belize.
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Check out the newest song from Dirty Money, the new group formed by Diddy, Dawn Richards (formerly of Danity Kane), and Kalenna. “Love Come Down” is the second single off of Diddy’s upcoming solo album, Last Train To Paris.

On Monday, the Bad Boy mogul announced that he is leaving Warner Music Group to partner with Jimmy Iovine at Interscope Records.

Rumors are flying that hip-hop mogul Diddy may change labels once his five-year contract with Warner Music ends in April.

According to sources, Combs, 39, who started Bad Boy Records as a joint venture with Warner Music in 1993, is hashing out a deal with Interscope CEO Jimmy Iovine.

“Diddy was supposed to release his new album, ‘Last Train to Paris’, with Atlantic Records [a division of Warner] in November,” an insider told The New York Post this week. “But he’s holding off on releasing it until April. If he doesn’t renegotiate his contract, he might end up releasing it on Interscope. Who knows what will happen with Bad Boy if Diddy leaves?” the insider added.

You Need To Lower Your Fuckin’ Voice When Talking To Diddy…He’s A Man Just Like You! Bad Boy mogul Diddy went toe-to-toe with a fast-talking NYPD hip-hop cop outside a New York City hotspot on Sunday.

It all went down Sunday night outside Lady Gaga’s VMA afterparty at 1 Oak in the city’s trendy Meatpacking District — the cop forcefully instructed Diddy to go back into the club so that officers would have time to tame the chaotic crowd. Because he refused to do this, the NYPD therefore had to send down a fleet of patrol cars who then shut down the street in order to ensure celebrities could exit the club safely.

“Lower your fucking voice when you’re talking to me … I’m a man just like you,” Diddy bellowed at the mouthy cop.

“I don’t give a fuck who you are!” the officer spat

Diddy turned and shouted back, “I don’t give a fuck who you are either motherfucker!”

The two men continued to yell at each other until Diddy’s entourage huddled him back into the club.

Bad Boy’s new supergroup Dirty Money has unveiled the Hype Williams-directed video for their debut single “Angels.” Formed by Bad Boy founder Diddy, the group features the mogul himself, former Danity Kane singer Dawn Richard, and songwriter Kalenna.

Diddy’s new album Last Train To Paris drops in stores next years.

Diddy has unveiled the first picture of Dirty Money — a new group, featuring former Danity Kane singer Dawn Richard and Kaleena, that will be featured on the Bad Boy mogul’s new album Last Train To Paris.