Mastodawn

MicroWave Aug 25, 2023

Donald Trump using bail bondsman rings alarm bells about his finances

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.

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aseriesoftubes Aug 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.

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IWantToFuckSpez Aug 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.

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Croquette Aug 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.

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canthidium Aug 26, 2023

The 10% is payment to the bondsman. They keep it.

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Croquette Aug 26, 2023

Then people definitely have to question why a supposed billionaire is using a bondsman.

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canthidium

Exactly, if he actually had the money and doesn’t plan on skipping town, then he should have no problem putting that money up. I see a lot of people saying he’s not above running away, but I really don’t think his ego would let him. I think he truly believes he can beat the charges or win the election first, despite all the losses he’s already had.