Diddy just pled not guilty to all the charges against him.
The embattled mogul made his initial appearance in federal court Tuesday afternoon in Lower Manhattan … where he entered a not-guilty plea, as expected. The more pressing issue for Diddy was whether or not the judge would let him out on bail.
Diddy offered to fork over a staggering $50 million as bond. He wouldn’t pay that amount in cash — instead, he offered his $48 million Miami mansion and his mother’s home as collateral … and said he was willing to wear a GPS monitor, and limit his travel to South Florida and the NYC area.
The court hearing is still going on and a judge has yet to rule on the issue of bail.
If convicted, Diddy’s facing a minimum sentence of 15 years, and a statutory maximum of life in prison. So, the stakes are incredibly high for him.
Prosecutors believe Diddy is a flight risk here and they don’t want him out on bail.
It will be interesting to see how the judge rules.
Story developing …
