Harve Pierre, the former President of Bad Boy Records, has responded to the sexual assault allegations leveled against him.

In a statement obtained by TMZ, Pierre vehemently denied the accusations, asserting that he never engaged in or witnessed any such activities. He claimed the allegations were false and characterized them as a desperate attempt for financial gain.

"This is a tale of fiction,” Pierre stated. “I have never participated in, witnessed, nor heard of anything like this, ever. These disgusting allegations are false and a desperate attempt for financial gain."

Pierre continued, expressing his commitment to protecting his reputation and defending his name. He insisted that those who know him understand that the claims are untrue.

The accusations against Pierre involve allegations of luring a Detroit minor into a private jet in 2003 for a recording session with Diddy. The accuser claimed that both Bad Boy Records founder and Pierre sexually assaulted her in the bathroom. Additionally, the lawsuit alleged that Pierre was smoking crack cocaine from a Pepsi can during the incident, a claim he also denied. Diddy, too, has maintained his innocence in the face of sexual assault allegations and released a statement earlier this week, denouncing the claims as an attempt to extort money from him.