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How exactly are his parents able to provide a surety for $250M? Do they have assets worth that much? If not, what's even the point of setting bail at $250M, if
by vkou 4y ago
How exactly are his parents able to provide a surety for $250M? Do they have assets worth that much? If not, what's even the point of setting bail at $250M, if you only need to put up $4M in collateral?
Why does he get to do this, while someone with a $50,000 bail has to either put up the entire cash amount, or pay 10% in interest to a bondsman?
- c22 4y agoThe court must be convinced that the parties involved are good for it or they would not have accepted the surety. The point of bail is just to ensure you show up to court, not to collect a windfall of profit for the state.