3 ms·
Bail isn't a fee, but a security that you will return to court for trial: you put up $n bail, which is forfeited only if you flee, and returned if you show up f
by _delirium 12y ago
Bail isn't a fee, but a security that you will return to court for trial: you put up $n bail, which is forfeited only if you flee, and returned if you show up for your court dates as promised. It's intended to make it more likely that when you're let out of jail pending trial, you won't become a fugitive, because you don't want to forfeit the bail.
But for that to be effective, the bail amount has to be a substantial portion of your net worth, so that it would actually be painful to lose it. If someone is worth billions and the bail is only $1m or something, they can just shrug it off, so it would be ineffective at compelling appearance.
- Alupis 12y agoHedge Fund executives, Enron executives, etc all have had less bail than this guy,yet were worth considerable amounts. Also, a net worth isn't how much cash he has laying around. How terrible would it be if all this occurred and they found him not guilty? He would have liquidated his business for nothing. Still seems unreasonable.