Sean “Diddy” Combs was denied bail on Wednesday after the jury in his federal sex trafficking trial returned its verdict, convicting him on two lesser charges of transportation to engage in prostitution but clearing the hip-hop mogul of the most serious charges.

Sean "Diddy" Combs was found guilty Wednesday of transportation to engage in prostitution in his federal trial in New York City, but the music mogul was acquitted of the more severe charges of racketeering conspiracy and sex trafficking.

The legal defense team for Sean "Diddy" Combs' celebrate and hugged after their client was acquitted of sex trafficking and racketeering charges that could have put one of hip-hop’s most celebrated figures behind bars for life.