Diddy recalls the ‘scary situation’ awaiting the verdict when he was on trial for gun possession in a 2001 interview with ET. The rapper was acquitted by a jury at the time. The now-disgraced mogul will stand trial again, after he was arrested on sex trafficking charges in New York. Diddy pleaded not guilty to the charges, which allege he ran criminal activity through his businesses, including sex trafficking events known as ‘freak off’ parties.