Sean “Diddy” Combs is desperate to get out of federal prison… he’s proposed a $50 million package to secure his release on bail until his trial begins.
Diddy’s team filed the offer in federal court, and it’s an impressive offer in terms of the assets he’s willing to put up for grabs. According to the documents, Diddy says his mansion on Miami’s Star Island would be put up as collateral… which is worth $48 million, and his mother’s Miami home would cover the remaining $2 million.
He is also willing to have his travel limited to Florida, NY and New Jersey. Presumably, he would live in Miami and travel to the NY area to face trial. Diddy says he is willing to wear a GPS monitor, so the feds can track his whereabouts.
Interestingly, Diddy says he’s preparing for the day he gets arrested … because he paid off the remaining $18 million he owed on his Miami home, so he could put it up as collateral. Plus, he says he told the feds in May that he was trying to sell his private jet — and while he hasn’t found a buyer yet, he’s promised to park it in Los Angeles while he remains in Florida.
As we reported, the feds have already informed the judge that they do not want Diddy released on bail, as they claim he poses a danger to society and is a flight risk.
In his documents, Diddy says he turned over his passport to his lawyers in April … along with those of his mother and children.
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We’ll see what the judge says when Diddy appears in federal court at 11:30 a.m. PT.