Sean “Diddy” Combs asked a New York court for bail on Friday — marking the fourth time he has done so since his arrest in September on federal sex trafficking charges. According to Reuters, Combs proposed a $50 million bail arrangement that would use his $48 million Florida home as collateral.

Combs' previous requests for bail have been rejected by two judges since his September arrest on racketeering conspiracy and sex trafficking charges.

By Luc Cohen, Jonathan Stempel NEW YORK (Reuters) -Sean "Diddy" Combs on Friday proposed a new $50 million bail package backed by his Florida mansion that the music mogul hopes will win his release from the Brooklyn jail where he has been held for eight weeks on criminal sex trafficking charges.

Sean “Diddy” Combs has proposes new conditions for immediate release, including $50 million bond signed by his family and nonstop home monitoring.

A month after Sean "Diddy" Combs was denied bail again, his attorneys filed a new motion Nov. 8 to release him from jail ahead of his May 5 trial.

Sean "Diddy" Combs is hoping to be a free man by Thanksgiving. In his third attempt at being released from Brooklyn's Metropolitan Detention Center, the sex trafficking charged Bad Boy Records founder is betting large on a November 22 hearing.

While Sean ‘Diddy’ Combs is locked up in Brooklyn’s Metropolitan Detention Centre, his private jet has been going around places. His plane has been on quite a few trips since the mogul’s arrest in September including locations such as French Polynesia,