Sean “Diddy” Combs Seeks $50 Million Bail Package for Release
Sean “Diddy” Combs is making a significant bid to secure his release from federal custody, offering a $50 million bail package as he awaits trial. Diddy’s legal team has submitted a detailed proposal to the court, highlighting the substantial assets he is prepared to use as collateral.
Collateral and Conditions for Bail
In an effort to demonstrate his commitment to securing bail, Diddy has proposed using his Miami Star Island mansion, valued at $48 million, as collateral. Additionally, he plans to offer his mother’s Miami home to cover the remaining $2 million of the bail amount. The proposal also includes conditions such as limiting his travel to Florida, New York, and New Jersey, where he would reside in Miami and travel to the New York area for trial. To ensure compliance, Diddy has agreed to wear a GPS monitor for tracking purposes.
Preparations and Conditions
Diddy has reportedly made preparations for this scenario, including paying off the $18 million balance on his Miami home to use it as collateral. He has also notified the federal authorities of his intent to sell his private jet and promised to keep it parked in Los Angeles while he remains in Florida. According to his filing, Diddy has already surrendered his passport and those of his family members to his attorneys.
Federal Opposition and Next Steps
Despite Diddy’s offer, federal prosecutors are opposing his release on bail, arguing that he poses a danger to society and is a flight risk. The final decision on his bail request will be made by the judge during Diddy’s appearance in federal court at 11:30 AM PT.