Diddy acquitted of sex trafficking, racketeering charges

Music mogul Sean "Diddy" Combs was denied bail and will remain in custody after a jury found him guilty on two counts of transportation to engage in prostitution. He was acquitted of the most serious charges of racketeering and sex trafficking.

According to the United States Sentencing Commission, "knowingly transporting individuals to engage in prostitution or any illegal or sexual activity," which includes attempts to transport individuals, has a 10-year maximum penalty -- meaning Combs could face up to 20 years in prison for his two counts.

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.