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Sean “Diddy” Combs<\/a>\u00a0was acquitted of sex trafficking and racketeering after a closely followed high-profile federal trial in New York City. He was convicted on two lesser prostitution charges.<\/p>\n The split verdict was read on Wednesday, July 2.<\/p>\n Combs was convicted on two counts of transportation to engage in prostitution, and could face up to 20 years in prison if he is sentenced to consecutive maximum prison terms, per CNN.<\/p>\n Combs will remain in a holding cell until 1 p.m., when Judge Arun Subramanian will decide whether to release the music mogul on bond prior to sentencing.<\/p>\n Had Combs been convicted on the charges of sex trafficking or racketeering, he could have spent the rest of his life in prison. Instead, it’s relatively good news for the music mogul, who has spent the past several months behind bars and whose public reputation has taken a massive hit in the wake of the charges.<\/p>\n Combs’ star-powered defense team successfully argued that prosecutors had failed to prove the serious charges.<\/p>\n Over the course of the trial, which began in May, prosecutors called 34 witnesses over the course of 29 days of testimony. Among them was\u00a0Casandra “Cassie” Ventura<\/a>, Combs’ ex, with whom he was in a relationship for 11 years.<\/p>\n