You are viewing a single thread.
View all comments
25 points

Does anyone know why he used a bail bond company? Seems weird. Does he really not have the $200,000?

permalink
report
reply
4 points
*

What? What are you talking about? That’s not how bail works. He doesn’t need 200k.

The amount of your bail is the amount you owe if you don’t appear in court, not the amount of the deposit, i.e. the amount of cash you need on hand. That’s 10% of the total. If you have a 200k bail amount, you need 20 grand on hand, not 200 grand.

permalink
report
parent
reply
14 points

Hmm, that’s not how they work in my state. You either pay 100% of the bail yourself, or you pay 10% to a bondsman and they cover the other 90%.

permalink
report
parent
reply
7 points

Doesn’t this make her point even more? Had to use a bondsman for 20k but he’s super rich? Yiiikes

permalink
report
parent
reply
1 point

Maybe he can get more than a 10% return on the 200k over the time the bond money is to be locked?

permalink
report
parent
reply
21 points
*
Deleted by creator
permalink
report
parent
reply
29 points

The first thing you learn when you start gaining money is that it’s always best to tie up someone else’s money. Most people learn this first with credit cards.

permalink
report
parent
reply
16 points

@MadMenace @Egg_In_Question He might not be liquid. Or he might just be broke. Or he’s just a cheap bastard. Any or all of the above.

permalink
report
parent
reply

Politics

!politics@beehaw.org

Create post

In-depth political discussion from around the world; if it’s a political happening, you can post it here.


Guidelines for submissions:
  • Where possible, post the original source of information.
    • If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
  • Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
  • Do not post ragebait or shock stories. These will be removed.
  • Do not post tabloid or blogspam stories. These will be removed.
  • Social media should be a source of last resort.

These guidelines will be enforced on a know-it-when-I-see-it basis.


Subcommunities on Beehaw:


This community’s icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

Community stats

  • 1.8K

    Monthly active users

  • 1.6K

    Posts

  • 12K

    Comments