Diddy’s Last Ditch Effort to Offer His Mom’s House and His Mansion for Collateral Falls Through as Judge Denies Bond After Federal Arrest [Video]

Sean “Diddy” Combs, 54, will officially face criminal charges after the Bad Boy Entertainment founder was taken into federal custody in New York City on Monday, Sept. 16.

Combs has reportedly pleaded not guilty after being accused of running a criminal enterprise that engaged in forced labor, kidnapping, arson, bribery, and obstruction of justice. He has been ordered to be held without bond pending trial in a three-count sex-trafficking indictment.

Andre Damian Williams Jr., United States Attorney for the Southern District of New York, released a statement after the arrest and the following day during the press conference.

On Sept. 17, the federal government unsealed a three-count indictment against Sean Combs. The longtime record executive was charged with racketeering conspiracy, sex trafficking, and transportation to engage in prostitution.

“As alleged in the …