Sean Combs proposes $50 million bail package and offers plane and mansion

Sean “Diddy” Combs’ Lawyers are desperately trying to free the controversial hip-hop mogul from federal custody, offering a massive bail package that includes a $50 million bond, the passports of his daughters and mother, the equity share of his mother’s Florida condo home and house arrest with GPS monitoring, according to court documents that Rolling stone.

The letter was addressed to a New York federal judge ahead of Combs’ first court appearance Tuesday afternoon as SDNY prosecutors seek to keep the 54-year-old in custody after he was charged with three counts related to a sex trafficking and organized crime investigation.

Combs’ attorney, Marc Agnifilo, argued that he poses “no flight risk or danger to anyone in the community.” He said Combs knew of the impending charges before raids on his homes in late March and was prepared to turn himself in before his arrest Monday night.

“Sean Combs has never dodged, avoided, evaded or run from a challenge in his life. He will not start now,” Agnifilo wrote in the letter. “Having overcome every hardship, he will face this case head on, he will work hard to defend himself, and he will prevail.”

As part of the bail, Combs surrendered his passport to his lawyers in April, along with the passports of his daughters Chance, twins Jessie and D’Lila, and toddler Love, according to court documents. The Bad Boy Entertainment founder’s mother Janice also surrendered her passport to Combs’ legal counsel. Combs and his three adult sons – Quincy, Justin and Christian – have offered to co-sign the agreement.

The former billionaire – the Forbes Combs, whose net worth is now estimated at $400 million, also pointed out that in August he paid off the remainder of the $18 million mortgage on his $48 million Miami estate and was trying to sell his private plane. “Just this weekend, Mr. Combs signed a letter of intent to sell with a party,” the court documents state. “Mr. Combs is aware that he is not permitted to travel to Los Angeles, where the aircraft was located this week, and further that the aircraft is not permitted to be brought into any county where he is located until it is sold.”

Combs’ attorney also provided more details about Combs’ late-night arrest, saying the hip-hop mogul moved to New York earlier this month to cooperate with investigators. He was reportedly scheduled to tour the apartment Monday night but was unable to view the space due to his arrest.

He also cooperated with the prosecutor’s subpoenas, the letter states. Combs’ business units “submitted over 144,000 pages of documents to the SDNY in compliance with the subpoena.”

In a statement following Combs’ arrest, Justice Department attorney Damian Williams said: “One year ago, Sean Combs stood in Times Square and was handed a key to New York City. Today, he was indicted and faces justice in the Southern District of New York.”

“We are not finished. This investigation is ongoing. And I encourage anyone with information about this case to come forward and do so quickly,” Williams added. “We are committed to bringing justice to all of the defendant’s victims. … I am not ruling anything out.”