What Sean Combs' verdict means for his businesses and net worth
Briefly

Sean Combs was convicted of two counts related to prostitution in a Manhattan court, while being acquitted of sex trafficking and racketeering. The verdict jeopardizes his business empire and financial stability, as numerous civil lawsuits related to sexual misconduct loom over him. Combs faces potential restitution payments to his accusers and may lose significant financial resources if ordered by the court. Legal experts predict a lesser sentence than the maximum 20 years he could face, despite the serious nature of the accusations against him.
A Manhattan federal jury on Wednesday convicted Combs of two counts of transportation to engage in prostitution, but acquitted him of the top charges of sex trafficking and racketeering conspiracy.
Combs is still facing more than 50 civil lawsuits accusing him of sexual assault, rape, drugging, and other forms of violence.
The 55-year-old Bad Boy Records founder is now facing up to 20 years behind bars, though legal experts expect his sentence to be much lower.
If they stamp him guilty, that dynasty turns into a yard sale, according to Eric Schiffer, a celebrity brand and reputational strategist.
Read at Business Insider
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