Sean “Diddy” Combs is eager to regain his freedom from federal custody and has put forth a $50 million offer aimed at obtaining bail until his trial commences.
Diddy’s legal team submitted the proposal to the federal court, showcasing a substantial commitment in terms of the assets he is prepared to risk. The documents indicate that he plans to use his $48 million mansion located on Star Island in Miami as collateral, while his mother’s residence in Miami would account for the additional $2 million needed.
RELATED: Diddy Indicted on Sex Trafficking And Racketeering Charges
Additionally, he is prepared to restrict his travel to Florida, New York, and New Jersey. It appears that he intends to reside in Miami and commute to New York for his trial. Diddy has also expressed his willingness to wear a GPS device, allowing authorities to monitor his location at all times.
Shockingly, Diddy revealed that he had been preparing for his arrest by settling the outstanding $18 million mortgage on his Miami residence, enabling him to use it as collateral. Furthermore, he mentioned that he notified federal authorities back in May about his efforts to sell his private jet. Although he has yet to secure a buyer, he has committed to storing the aircraft in Los Angeles while he stays in Florida.
RELATED: Diddy Taken Into Federal Custody in New York Amid FBI Sex And Drug Trafficking Investigation
As previously mentioned, federal authorities have informed the judge that they oppose Diddy’s release on bail, arguing that he presents a risk to public safety and may attempt to flee.
In the documents he submitted, Diddy states that he handed over his passport to his lawyers in April, along with the passports belonging to his mother and his children.
