Diddy's Attorney Proposes $50 Million Bail Package

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Diddy's lawyer is proposing a $50 million bail package for the embattled music mogul after he was arrested for sex trafficking, racketeering conspiracy and transportation to engage in prostitution.

Diddy's Lawyer Proposes Bail Plan

On Tuesday (Sept. 17), Diddy's lawyer Marc Agnifilo filed a letter to the Southern District of New York's Magistrate Judge Robyn F. Tarnofsky, asking for the release of his client. He proposed a $50 million package in exchange for Puff's freedom. Diddy is willing to put up his Miami home, valued at $48 million, as collateral to help secure the bail money.

The bond is reportedly cosigned by Diddy's mother, his sister, the mother of his oldest daughter, and his three sons. Diddy would also concede to being monitored by GPS and only leaving his home for court dates and doctor's visits.

Diddy is charged with one count of racketeering conspiracy, which carries a maximum sentence of life in prison; one count of sex trafficking by force, fraud or coercion, which carries a maximum sentence of life in prison and a mandatory minimum sentence of 15 years in prison; and one count of transportation for purposes of prostitution, which carries a maximum sentence of 10 years in prison.

Diddy's Attorney Vows to Fight for Client's Freedom

This extensive bail package is just the latest move by Puff's attorney to get the mogul out from behind bars. Shortly before the indictment was unsealed on Tuesday, Agnifilo told reporters he would fight hard to secure Diddy's innocence.

"He's gonna plead not guilty obviously and he's gonna fight this with all of his energy and all of his might and the full confidence of his lawyers," Agnifilo said. "I expect a long battle for the good result for Mr. Combs. I'm gonna fight like hell to get him released and he should be released with all that he's done and coming here voluntarily."

Diddy was arrested on Monday (Sept. 16), at the Park Hyatt Hotel in midtown Manhattan where he was staying. Diddy was then taken to the FBI field office in Manhattan.