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The Daily Mail has more info on this: "His parents, Stanford Law professors Barbara and Alan Bankman-Fried, have agreed to put up the equity they own in their

The Daily Mail has more info on this: "His parents, Stanford Law professors Barbara and Alan Bankman-Fried, have agreed to put up the equity they own in their $4million California home, where he will live during his house arrest, as part of the bail requirement. Two other people - one relative and one non-relative - will fulfil the rest of the bond. It remains unclear if he is required to pay the full $250million or a portion of it."

dredmorbius 4y ago
Bail is virtually always a bond, guaranteed by a bail-bonds agency. The bailee typically puts up 10% of the value of the bail, so here, $25 million.
- bruceb 4y ago
  But generally that is a fee not a deposit the detainee gets back. That's a big fee. From me understanding some jurisdictions will allow you to cut out the bailbonds company, and give a 10% deposit for the bail (still on hook for the full money) maybe that is what happened here?
  - dredmorbius 4y ago
    Practices are changing, and I'm not a specialist. I've described my understanding of the general case, however.
- from 4y ago
  People with 8 and 9 figure bail don't go to the bondsman on the corner. They usually have their own armed guards from companies like Guidepost Solutions enforce their home detention and it is usually secured by bank accounts or real estate owned by their family or other rich people they know.
  - dredmorbius 4y ago
    Seeing as I'm all but entirely ignorant on the nature of large-figure, high-profile bond guarantees, do you (or anyone else) have references for what arrangements are typical?
    - from 4y ago
      Here are some high profile examples: https://storage.courtlistener.com/recap/gov.uscourts.nysd.448898.53.0.pdf https://storage.courtlistener.com/recap/gov.uscourts.nysd.44... (granted) https://storage.courtlistener.com/recap/gov.uscourts.nysd.451245.41.0.pdf https://storage.courtlistener.com/recap/gov.uscourts.nysd.45... (denied) https://www.theguardian.com/world/2011/may/19/dominique-strauss-kahn-bailed-sexual-assault-allegations https://www.theguardian.com/world/2011/may/19/dominique-stra... (granted) https://storage.courtlistener.com/recap/gov.uscourts.cacd.721860/gov.uscourts.cacd.721860.16.0.pdf#page=67 https://storage.courtlistener.com/recap/gov.uscourts.cacd.72... (denied) https://www.nydailynews.com/new-york/nyc-crime/ny-colombo-mob-boss-orena-compassionate-release-20211027-p4alrthlkbgh7f7rhr2pevs3h4-story.html https://www.nydailynews.com/new-york/nyc-crime/ny-colombo-mo... (granted)
      - dredmorbius 4y ago
        At least the news items don't seem to discuss the mechanics of large-figure bail. Just establish instances of same. (I've yet to dive into the PDFs.)
        from 4y ago
        The PDFs especially the first are more instructive in this regard.
        dredmorbius 4y ago
        Getting to those now (the display on these is ... other than desirable...) Informative though, thanks.
- dredmorbius 4y ago
  And for those wondering how high-profile, high-figure bond arrangements are made, Bloomberg has an explainer: <https://www.reuters.com/business/how-did-bankman-fried-secure-250-mln-bail-2022-12-22/ https://www.reuters.com/business/how-did-bankman-fried-secur...> Paywall: <https://archive.vn/bvFbS https://archive.vn/bvFbS>

dredmorbius 4y ago

Bail is virtually always a bond, guaranteed by a bail-bonds agency. The bailee typically puts up 10% of the value of the bail, so here, $25 million.

bruceb 4y ago
But generally that is a fee not a deposit the detainee gets back. That's a big fee. From me understanding some jurisdictions will allow you to cut out the bailbonds company, and give a 10% deposit for the bail (still on hook for the full money) maybe that is what happened here?
- dredmorbius 4y ago
  Practices are changing, and I'm not a specialist. I've described my understanding of the general case, however.
from 4y ago
People with 8 and 9 figure bail don't go to the bondsman on the corner. They usually have their own armed guards from companies like Guidepost Solutions enforce their home detention and it is usually secured by bank accounts or real estate owned by their family or other rich people they know.
- dredmorbius 4y ago
  Seeing as I'm all but entirely ignorant on the nature of large-figure, high-profile bond guarantees, do you (or anyone else) have references for what arrangements are typical?
  - from 4y ago
    Here are some high profile examples: https://storage.courtlistener.com/recap/gov.uscourts.nysd.448898.53.0.pdf https://storage.courtlistener.com/recap/gov.uscourts.nysd.44... (granted) https://storage.courtlistener.com/recap/gov.uscourts.nysd.451245.41.0.pdf https://storage.courtlistener.com/recap/gov.uscourts.nysd.45... (denied) https://www.theguardian.com/world/2011/may/19/dominique-strauss-kahn-bailed-sexual-assault-allegations https://www.theguardian.com/world/2011/may/19/dominique-stra... (granted) https://storage.courtlistener.com/recap/gov.uscourts.cacd.721860/gov.uscourts.cacd.721860.16.0.pdf#page=67 https://storage.courtlistener.com/recap/gov.uscourts.cacd.72... (denied) https://www.nydailynews.com/new-york/nyc-crime/ny-colombo-mob-boss-orena-compassionate-release-20211027-p4alrthlkbgh7f7rhr2pevs3h4-story.html https://www.nydailynews.com/new-york/nyc-crime/ny-colombo-mo... (granted)
    - dredmorbius 4y ago
      At least the news items don't seem to discuss the mechanics of large-figure bail. Just establish instances of same. (I've yet to dive into the PDFs.)
      - from 4y ago
        The PDFs especially the first are more instructive in this regard.
        dredmorbius 4y ago
        Getting to those now (the display on these is ... other than desirable...) Informative though, thanks.
dredmorbius 4y ago
And for those wondering how high-profile, high-figure bond arrangements are made, Bloomberg has an explainer: <https://www.reuters.com/business/how-did-bankman-fried-secure-250-mln-bail-2022-12-22/ https://www.reuters.com/business/how-did-bankman-fried-secur...> Paywall: <https://archive.vn/bvFbS https://archive.vn/bvFbS>