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After Diddy AKA Sean Combs was arrested and charged with s*x trafficking, racketeering and many other offences, his attorneys submitted a letter to New York judge Robyn F. Tarnofsky. According to the letter otained by Entertainment Online, the proposed “bail package” included the rapper's properties, and a $50 million bond for his release.
His lawyers argued that from being outside the prison, Diddy would be able to “fight this case in court effectively.” However, the bail was denied to Diddy, as the judge sided with prosecutors and made it clear that the rapper would be spending his time in federal custody.
Furthermore, the bail package also included passports from his sons, sister and mother. It also consisted of his equity in his Miami home, and other documents to prove to the court that Diddy was not a “flight risk.” His lawyers Marc Agnifilo and Teny R. Geragos stated:
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“Sean Diddy Combs is demonstrably committed to showing his innocence in Court in the context of this case, and that he should be released, on the conditions proposed, in order to do so."
As per Celebrity Net Worth, the rapper has a net worth of close to $600 million. This includes his real estate across the country, and many business ventures, including his record company, liquor company and the money earned by him from his films and albums.
For the unversed, Diddy was arrested on September 17, 2024, from New York, after a court hearing. As per Variety, the judge and the prosecutors claimed that the 54-year-old rapper was a flight risk. The prosecutors also mentioned that with the wealth that Combs has, it would be extremely easy for him to flee the country.
Diddy’s Miami house is reportedly enough to cover the entire cost of his bail: More details about his fortune explored
Sean Combs, with a net worth of over $600 million, signed the bail petition of $50 million. As per Hot New Hip Hop, the proposed bail package can be covered by selling off one of his Miami houses. The bail package was also co-signed by the rapper’s mother, sister, brother, and his three sons.
While Combs is a rapper, singer, record producer, and even a film actor, he has many ventures, which fetch him a great fortune. According to Celebrity Net Worth, the rapper partnered with the liquor company, Diageo, which became extremely popular, and the sales of the same made him a lot of money.
Moreover, he also has his own record label, Bad Boy Entertainment, apart from other ventures, too. The rapper has also worked in movies as an actor, including Made, A Raisin in the Sun, Draft Day, Get Him to the Greek and many more.
As per NBC News, the proposed package for the bail also included the clause of Combs not being allowed to travel anywhere but to the Southern District of Florida, and New York, and the Eastern District of New Jersey.
The outlet also reported that he was denied bail on the basis of the federal indictment. This included allegations from several women who alleged that Diddy forcefully gave them drugs and alcohol, and assaulted them mentally, physically and s*xually.
Furthermore, the next hearing date for the accused rapper is now set for September 25, 2024.
