4 ms·

Which bail bond company came up with the other $225M?

• wmf 4y ago
  These days I would assume it's securitized.
• c22 4y ago
  When I needed to post a large bail I couldn't afford I got a personal loan so I wouldn't have to forfeit the bond amount. Bail bond companies are mostly a tool for those without any assets.
  • simmerup 4y ago
    SBF will be banned from opening up new lines of credit. Don't know if that only begins after the bail starts though.
    • c22 4y ago
      His parents wont be. In my case the loan was from a personal acquaintence.
      • simmerup 4y ago
        Right, that makes sense
• FireBeyond 4y ago
  Frustratingly, if you personally post bail, typically you have to post the full amount (this might depend on the state). But bail bonds companies typically only post 10% of the amount.
  • c22 4y ago
    No, the bond company posts the entire amount and keeps the 10% you paid them as their fee. This is why they employ bounty hunters to track you down if you try to skip.
• pastor_bob 4y ago
  The Solana Foundation