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do the people who put up his bail money lose it due to him violating the terms of the bail and having it be revoked? or do they get it back now as its not need
by compsciphd 3y ago
do the people who put up his bail money lose it due to him violating the terms of the bail and having it be revoked? or do they get it back now as its not needed anymore?
- duxup 3y agoMy understanding is that generally you don't lose the bail money unless the person ultimately doesn't show up in court. There are exceptions and the judge has some discretion.
- gemstones 3y agoI wonder if the credible threat of losing, say, $250 million might encourage people to ensure the defendant doesn’t engage in witness tampering!
- eastbound 3y agoI suppose if he showed up for jail, then the assets weren’t seized.
- loeg 3y agoNo, he didn't skip trial.
- zerocrates 3y agoMy understanding is that the default federal rule is that you forfeit for any violation, but that the judge has discretion to decide otherwise. I doubt you'll see movement on, for example, the parents' house, but I could imagine the monetary portion being forfeited. (Edit: and I've read since posting that there will be no forfeiture here)
- Aeolun 3y agoIt’s not like he actually ran away. This seems sort of reasonable.
- soultrees 3y agoI bet all the money will be returned. The people who pitched in to the bail fund are well connected and this trial isn’t meant to harm them (from the judges point of view). But the fact that he’s in custody and isn’t on the run, means there’s more risk politically to forfeit the money than to give it back.
- hattmall 3y agoNot if he's compliant with the revocation. The idea behind bail is ultimately it's the amount that needs to make you show up for trial. Either it's an amount that you or whoever post it won't be willing to lose or it's the amount that someone can get for bringing you in. If you skip trial your bail becomes the bounty payable to whoever brings you in.
- qingcharles 3y agoIt is actually very rare for a judge to forfeit the bail money when a defendant violates the terms of his bond. Source: 10 years in criminal court Funnily enough, I had my bail revoked last year because I retweeted a posting from the county public defender's office about the serious flaws with house arrest monitoring.
- I_am_uncreative 3y agoSo, when your bail was revoked, I assume you got your bail back, right?
- qingcharles 3y agoYes, I did get to "keep" my bail money, but the judge knew I'd already assigned it to my lawyer to pay his fees, so he was very unlikely to forfeit it.
- Laaas 3y agoIs there any public information about your case?
- etc-hosts 3y agoI must not understand how bail works in federal court. SBF's bail was 250 million dollars. out here in the my world, you have to find a bail bondsman, who commits to covering the entire bail amount, makes sure you have enough assets to cover the entire bail amount, charges you ten percent of the bail amount. You don't get the 10 percent back. Larry Kramer, former dean of Stanford's law school, pledged to cover 500,000 of it. Andreas Paepcke, a Stanford computer scientist, pledged to cover 200,000 of it. SBF's parents have a house under a weird agreement where sale of the house is strictly controlled by Stanford University. SBF's parents pledged to cover the rest of it (I think?) There is no way SBF's parents are worth 25 million dollars. Or 249 million dollars. Unless SBF parked millions of dollars of FTX profits with them. which just opens more questions.
- 0xy 3y agoSBF "gifted" his parents millions of dollars in assets.