Sean "Diddy" Combs created a powerful legacy in the entertainment industry, thanks in part to his mastery of marketing.

It was only two weeks ago that Diddy's homes in Los Angeles and Miami were being raided by Homeland Security Investigations in connection with a federal human trafficking probe.

Since the raids on March 25, the music mogul appeared to be living care-free, as if his "Bad Boy for Life" persona never existed.

Sean "Diddy" Combs sits on his couch outside his Star Island laughing while on his phone

Sean "Diddy" Combs laughs while on the phone outside his Star Island home this weekend. (Zak Bennett for Fox News Digital)

"He’s working hard to ensure his brand trust isn't fully eviscerated," brand expert Eric Schiffer told Fox News Digital.

EVERYTHING YOU NEED TO KNOW ON SEAN ‘DIDDY’ COMBS PROBE

"The promoter in him – he’s a master marketer – understands the power of evidence that can work to convince audiences through what’s implied. And what’s implied when he's out riding his bike with a smile, or with Stevie J eating food, is that things are just fine."

SEAN ‘DIDDY’ COMBS FEDERAL RAIDS ON HOMES, SEXUAL MISCONDUCT LAWSUITS: WHAT TO KNOW

Schiffer added, "That’s the message he wants to get across after having SWAT teams at both of his properties in the last few weeks."

BET Awards Diddy

Sean "Diddy" Combs is keeping up appearances despite a federal probe. (Photo by Richard Shotwell/Invision/AP)

On Thursday, the embattled producer cruised around South Florida on two wheels and left his exclusive Star Island abode for some fresh air.

Combs, 54, was spotted wearing a black T-shirt and shorts to match his black bicycle as he trekked around town, even stretching his arms out as if he were flying over a bridge at one point.

Earlier in the week, the "All About the Benjamins" singer returned to social media for the first time since his homes were raided by HSI. Combs shared photos of his one-year-old daughter, Love, on Easter Sunday, and followed up a few days later with another snap of his little girl standing on a trampoline.

"The promoter in him – he’s a master marketer – understands the power of evidence that can work to convince audiences through what’s implied."

— Eric Schiffer
P Diddy rides has bicycle with arms outstretched wearing sunglasses.

Sean "Diddy" Combs rides a bicycle from his home across the Star Island Bridge in Miami Beach, Florida, April 4. Diddy's South Florida home was raided by HSI and local law enforcement last month as part of a federal investigation. (Romain Maurice/Mega for Fox News Digital)

P Diddy looks at the camera wearing sunglasses as he rides his bicycle.

Diddy wore all-black while cycling on Thursday. (Romain Maurice/Mega for Fox News Digital)

On Friday, Diddy shared the full version of his music video for the song "Victory," which features cameos from Danny DeVito and the late Dennis Hopper. 

In the video, Combs runs through a desolate city to escape armed forces, only to be cornered on a rooftop where he makes the decision to jump instead of being captured. He captioned the clip "Bad Boy For Life." His friend Stevie J, rapper The Game, Timbaland and Ty Dolla Sign showed support on the post.

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Stevie J, a longtime friend and collaborator, has been seen out and about with Diddy since the federal raids. On Thursday, he shared a video on Instagram showing what "a real Diddy Party looks like."

The black-and-white clip featured a who's who of Hollywood, and included snaps of Jay-Z mingling with Kanye West and Pharell, Naomi Campbell, Kim Kardashian, Khloé Kardashian and sister Kylie Jenner. Cardi B was spotted enjoying Diddy's 50th birthday party with Travis Scott, Post Malone, The Weekend, Will Smith's son, Jaden, Kobe Bryant, Snoop Dogg and Diddy's close pal Mary J. Blige.

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While Diddy appeared untroubled to the outside world, another story could be unfolding behind closed doors for the music mogul.

"Behind the scenes, he’s speaking at length with defense attorneys, his marketing and PR people to anticipate all the things that may happen, and to prepare for the worst while staying positive and thinking about the things that he can affect," Schiffer said.

"A lot right now is not in his control, it’s in the control of the Southern District of New York prosecutors."

As many stars showed up in the video, his lengthy roster of celebrity friends seemed to remain quiet and have yet to show their support for Diddy as he faces claims of sexual assault across multiple lawsuits.

WATCH: DID SEAN ‘DIDDY’ COMBS CROSS SOMEONE?

"He’s like rat poison right now. It’s a giant dumpster fire and a threat to their brand survival," Schiffer said. "If they’re associated or if it brings out their own skeletons, it could be the kiss of death."

He added, "It’s extremely dangerous to a star when you have such serious allegations of sex trafficking, and prosecutors and the HSI that are looking through everything ... and considering that there are a lot of allegations that he filmed everything. That could be – depending upon what someone may have been associated with – career-threatening."

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Diddy was also named in a new lawsuit filed Thursday against his son, Christian Combs. Grace O'Marcaigh accused Christian of sexual assault and sued Diddy for aiding and abetting. Diddy claimed the new allegations were "manufactured lies," in a statement provided to Fox News Digital.

"He’s like rat poison right now. It’s a giant dumpster fire and a threat to their brand survival."

— Eric Schiffer

He's named in four similar suits filed in the last four months. In November, Cassie, legally known as Casandra Ventura, accused Combs of raping her in her own home, enduring "over a decade" of his "violent behavior and disturbed demands" and forcing her to have sex with male prostitutes while he watched and filmed. 

Diddy and Cassie sit on a couch

Cassie claimed she endured more than a decade of abuse at the hands of Sean "Diddy" Combs. (Getty Images)

Combs "vehemently" denied Cassie's claims in a statement provided to Fox News Digital at the time, and alleged that he was the victim of her "persistent demand of $30 million, under the threat of writing a damaging book about their relationship, which was unequivocally rejected as blatant blackmail."

One day after she filed the claim, Combs and Cassie came to an amicable resolution, and she dropped the lawsuit. "I have decided to resolve this matter amicably on terms that I have some level of control. I want to thank my family, fans and lawyers for their unwavering support," Cassie wrote. Combs said in his own statement that the decision had been agreed upon by both parties and that he had no ill will toward the singer.

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