4 ms·
was later released after he posted $150,000 bail. So for being completely innocent, he is likely out $15,000 plus attorney's fees and lost work time. I did da
by leejoramo 14y ago
was later released after he posted $150,000 bail.
So for being completely innocent, he is likely out $15,000 plus attorney's fees and lost work time.
I did database programming back in the early 1990's for a California bail bonding company. As I recall the standard cost for a bail bond was 10% which does not get refunded. This is in addition to someone fronting $150,000 of collateral to secure the bond.
You can post the $150,000 directly with the court and avoid the bond costs. Even if you are rich and have the cash sitting in an account it can take many days to co-ordinate the transfer of cash. (Plus you will have to prove to the court that it is not funds obtained from a criminal enterprise.)
I recall several cases where it appeared that the arresting cops knew there was no case, but figured that they could punish someone due to the cost of the bail fees before the District Attorney, Judges and Juries even got involved.
Basically, the TSA can in effectively fine someone $15,000 at anytime through the extrajudicial punishment.
- tadfisher 14y agoThis is exactly why bail bonds should be prohibited, or at least why bail schedules should be set on a sliding scale based on the accused's income. I can't fathom how it benefits society to have $150,000 loaned out at effectively 3000% interest. We punish payday lenders for this behavior.