4 ms·

His parents had to put up their home for the bond.

pessimizer 4y ago
Had to give up their home for the bond? edit: i.e., it is far more likely to be a 25M home than a 250M home, because I've never heard of a 250M home.
- NovemberWhiskey 4y ago
  Bail is a security - you only actually lose the asset securing bail if you abscond.
  - pessimizer 4y ago
    Bond is not bail. Bond is a percentage of bail that you pay to someone willing to put up the entire bail, and who will help find you if you abscond.
    - Fatnino 4y ago
      But it's possible they found some other money lender, not a bail bond specialist and got (improbably) better rates than 10 percent upfront, nonrefundable.
      - dragonwriter 4y ago
        The legal limit on bail bond premiums in New York at this size is 6% (plus a tiny amount), not 10%.
    - dragonwriter 4y ago
      > Bond is a percentage of bail that you pay to someone willing to put up the entire bail Bond is actually whatever arrangement you make that the court accepts as surety in place of depositing the full bail amount as cash. Most commonly, this is paying a premium to a registered bond agent (who usually also does not pay the full bail up front), sometimes, its having other persons aa sureties who are liable for the bail if you don’t appear, or pledging other property as a guarantee, or, as in SBF's case, both, where his parents home is pledged and his parents are liable sureties.
- deleted 4y ago
  [deleted]
- acchow 4y ago
  "The One" had an asking price of $291M. But it only sold for $141M https://www.youtube.com/watch?v=U8Cd_McCdow https://www.youtube.com/watch?v=U8Cd_McCdow
- dragonwriter 4y ago
  > Had to give up their home for the bond? “Put up” is not “give up”; it is to offer as collateral, that is, they got a loan secured by a lien on the home.
simmerup 4y ago
For part of the bond. Not the full amount.
ciabattabread 4y ago
Which home?
- wmf 4y ago
  The Palo Alto one.
  - propogandist 4y ago
    They can always move to the many homes they secured from their sons Ponzi scheme
    - s1artibartfast 4y ago
      Can they when the government has sized them?
StanislavPetrov 4y ago
The home they received with stolen money or another home? They should be in jail as well.
DonHopkins 4y ago
I wonder if Trump will have to put up Mar-a-Lago for his bond?

Had to give up their home for the bond? edit: i.e., it is far more likely to be a 25M home than a 250M home, because I've never heard of a 250M home.

NovemberWhiskey 4y ago
Bail is a security - you only actually lose the asset securing bail if you abscond.
- pessimizer 4y ago
  Bond is not bail. Bond is a percentage of bail that you pay to someone willing to put up the entire bail, and who will help find you if you abscond.
  - Fatnino 4y ago
    But it's possible they found some other money lender, not a bail bond specialist and got (improbably) better rates than 10 percent upfront, nonrefundable.
    - dragonwriter 4y ago
      The legal limit on bail bond premiums in New York at this size is 6% (plus a tiny amount), not 10%.
  - dragonwriter 4y ago
    > Bond is a percentage of bail that you pay to someone willing to put up the entire bail Bond is actually whatever arrangement you make that the court accepts as surety in place of depositing the full bail amount as cash. Most commonly, this is paying a premium to a registered bond agent (who usually also does not pay the full bail up front), sometimes, its having other persons aa sureties who are liable for the bail if you don’t appear, or pledging other property as a guarantee, or, as in SBF's case, both, where his parents home is pledged and his parents are liable sureties.
deleted 4y ago
[deleted]
acchow 4y ago
"The One" had an asking price of $291M. But it only sold for $141M https://www.youtube.com/watch?v=U8Cd_McCdow https://www.youtube.com/watch?v=U8Cd_McCdow
dragonwriter 4y ago
> Had to give up their home for the bond? “Put up” is not “give up”; it is to offer as collateral, that is, they got a loan secured by a lien on the home.

simmerup 4y ago

For part of the bond. Not the full amount.

ciabattabread 4y ago

Which home?

wmf 4y ago
The Palo Alto one.
- propogandist 4y ago
  They can always move to the many homes they secured from their sons Ponzi scheme
  - s1artibartfast 4y ago
    Can they when the government has sized them?

StanislavPetrov 4y ago

The home they received with stolen money or another home? They should be in jail as well.

DonHopkins 4y ago

I wonder if Trump will have to put up Mar-a-Lago for his bond?