4 ms·
Yes but just because they only put up that amount, don’t they have to guarantee the rest against assets? Not saying the amount isn’t soft, I think you are righ
by Vaslo 4y ago
Yes but just because they only put up that amount, don’t they have to guarantee the rest against assets? Not saying the amount isn’t soft, I think you are right, but just pointing that asset guarantee out.
- kosievdmerwe 4y agoAs far as I understand what they essentially said is "We'll pay $X if SBF doesn't show up to court" (where X is $200k or $500k) To the best of my knowledge they haven't paid anything yet. Bail bonds are when you have a company make that promise for you at the cost of you paying 10% of the bond. If you show up to court the bail bondsman makes 10% of the bond and if you don't they have to pay the whole bond amount. There's also a system of bounty hunters that somehow happens if you don't show up, but I don't know how that works. If you can post bail yourself, you don't actually lose any money assuming you show up to court.
- deelowe 4y agoIn my experience, you have to pay, but you get it back if you show up.