MicroWaveAug 25, 2023

Donald Trump using bail bondsman rings alarm bells about his finances

https://lemmy.world/post/3827346

Donald Trump using bail bondsman rings alarm bells about his finances - Lemmy.world

Donald Trump reportedly used a bail bondsman after being arrested at Fulton County Jail in Atlanta, Georgia, on Thursday, paying $20,000 of his bond set at $200,000 and taking out a loan for the rest of it. The fact that the former president resorted to such a measure has sparked questions on social media about the state of his finances.

Show threadaseriesoftubesAug 25, 2023
The bail bondsman who gave him that loan is the biggest sucker in the whole MAGA kingdom. That $180,000 will never be seen again.
Show threadIWantToFuckSpezAug 25, 2023
That’s not how bail bonds works. It’s not a loan. You pay the bondsman 10%. Then the bondsman guarantees that the defendant will show up to his court dates. If the defendant fails to show up the bondsman has to pay the court the entire amount.
Show threadTitanLaGrange

If the defendant fails to show up the bondsman has to pay the court the entire amount

I’m curious, does the bondsman actually give the court cash, or just guarantee that they will if the defendant doesn’t show? And if that is the case, do they bond out more people than they actually have cash to cover, knowing that it is unlikely that they’ll ever have to cover all those positions?

Aug 26, 2023 at 12:41amWeb
Show threadcanthidiumAug 26, 2023
They guarantee they will if the defendant doesn’t show.That’s why they generally employ bounty hunters to track down the defendants to make sure they don’t have to pay the court the rest.