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 threadCroquetteAug 26, 2023

I am not American, so it might be the phrasing that confuses me.

But is the 10% returned to the defendant? Or that’s a flat fee that the bondsman take?

If that is the latter, then I understand why people are questioning why Trump is using a bondsman since he supposedly have the cash to cover the full bond that he will get back once he shows up.

So either he plans to fuck off so he saved 90% of his bond, or he’s having cashflow issues.

If it’s the former, then it make total sense to use a bondsman regardless of your fortune.

Show threadclutchmatic
You can consider the 10% as “interest” since the bondsman would have to cover the rest of the bail in case the indictee doesn’t show up
Aug 26, 2023 at 2:05amWeb