Bail

[PIRATE14]

Someone explain bail to me.........

Can't we get 360 guys to put in a 100 bucks ea for 36,000 to get him out of the gray bar saloon........

Being in JAIL sucks.......as long as he shows.....don't you get your money back???????

[Liberty1]

Someone explain bail to me.........

Can't we get 360 guys to put in a 100 bucks ea for 36,000 to get him out of the gray bar saloon........

Being in JAIL sucks.......as long as he shows.....don't you get your money back???????

Not generally. The 10% is the bondsman's profit for risking the $365,000. Now if we got 360 guys and gals to put in 1000 each then we would get all that back.

[1919_4_ME]

Well if he cant make bail how long does he have to sit in jail for til the next hearing?

[bwiese]

Someone explain bail to me.........
Being in JAIL sucks.......as long as he shows..... don't you get your money back????

I believe if bail is acquired thru a bondsman ("Wild Boyz Bail Bonds"), the bondsman keeps a pretty hefty chunk of change. You don't get it back -that's the 'service fee'.

Sometimes property can secure a bond thru a lien. I'm thinking the price of the bond fee may depend on co-signers' property, etc.

[69Mach1]

Never mind.

[ldivinag]

IIRC, ten percent is what you pay the bailbondsman.

and he/she keeps that.

after all, if you had the $365,000 to pay the bail, you dont have to go through the BBM.

[fairfaxjim]

IIRC, ten percent is what you pay the bailbondsman.

and he/she keeps that.

after all, if you had the $365,000 to pay the bail, you dont have to go through the BBM.

That is correct. The 10% is "premium" or fee for posting the bail amount and processing the lien on the collateral. In addition to the premium, the bondsman will require someone to pledge collateral, property, home, etc. to cover the full amount of the bail in the event that the person bonded out fails to appear. They will process a lien on the collateral. The person "cosigning" the bond is not only responsible for the premium amount, but often they are agreeing to pay the costs of recovering the person if they skip bail. The collateral, but not the premium, is returned or released when the case is completed, or the the court otherwise returns the bond $$ to the bondsman.

[LECTRIKHED]

If you think about it, they provide a hell of a service. It's a lot easier for people to come up with $2000 than $20,000 or $36,500 than $365,000.

[cartman]

well no matter what the bonds man keeps, I'll pitch in a hundred or two.

[mark3lb]

That is off the charts bail. I think someone would have to put their house up to cover for it. Maybe his parents have a plan and financial means to help him in this troubled time. They must be having it rough, too.

[ts]

This is all very vague - I haven't read anything about the exact charges. Stolen military stuff? Credit Card fraud? and AW stuff? I think everyone wants to know if the arrest is BS or if it is more.

[paradox]

This is all very vague - I haven't read anything about the exact charges. Stolen military stuff? Credit Card fraud? and AW stuff? I think everyone wants to know if the arrest is BS or if it is more.

Here is the charges. Condensed from: http://www.calguns.net/calgunforum/s...ad.php?t=56722

"ev. 900-1/99 DA Case 27397183 Page 7 Case No. GA069547
| 01 MATTHEW ARTHUR CORWIN (12/11/1983) | FELONY COMPLAINT |

COUNT 1 through 5
On or about February 26, 2007, in the County of Los Angeles, the
crime of UNLAWFUL ASSAULT WEAPON/.50 BMG RIFLE ACTIVITY, in violation of
PENAL CODE SECTION 12280(a)(1), a Felony, was committed by MATTHEW ARTHUR
CORWIN, who did unlawfully manufacture, caused to the manufactured,
distribute, transport, import into this State, keep for sale, offer and
expose for sale, give and lend an assault weapon and a .50 BMG rifle, to
wit: 1919 A4, .30 CALIBER MACHINE GUN.

* * * * *
COUNT 6
On or about April 26, 2007, in the County of Los Angeles, the crime
of POSSESSION OF AN ASSAULT WEAPON, in violation of PENAL CODE SECTION
12280(b), a Felony, was committed by MATTHEW ARTHUR CORWIN, who did
unlawfully possess an assault weapon, to wit: CALIBER 7.62 MODEL MK 991.

* * * * *
COUNT 7
On or about April 26, 2007, in the County of Los Angeles, the crime
of POSSESSION OF AN ASSAULT WEAPON, in violation of PENAL CODE SECTION
12280(b), a Felony, was committed by MATTHEW ARTHUR CORWIN, who did
unlawfully possess an assault weapon, to wit: MODEL FAR-15, CALIBER 5.56
MM.

* * * * *

COUNT 8
On or about April 26, 2007, in the County of Los Angeles, the crime
of POSSESSION OF AN ASSAULT WEAPON, in violation of PENAL CODE SECTION
12280(b), a Felony, was committed by MATTHEW ARTHUR CORWIN, who did
unlawfully possess an assault weapon, to wit: 1919 A4, CALIBER MACHINE GUN.

* * * * *

COUNT 9
On or about April 26, 2007, in the County of Los Angeles, the crime
of POSSESSION OF AN ASSAULT WEAPON, in violation of PENAL CODE SECTION
12280(b), a Felony, was committed by MATTHEW ARTHUR CORWIN, who did
unlawfully possess an assault weapon, to wit: MODEL GATOR, (AR-15),
MULTI-CALIBER.

* * * * *

COUNT 10
On or about April 26, 2007, in the County of Los Angeles, the crime
of POSSESSION OF A DEADLY WEAPON, in violation of PENAL CODE SECTION
12020(a)(1), a Felony, was committed by MATTHEW ARTHUR CORWIN, who did
unlawfully manufacture, cause to be manufactured, import into the State of
California, keep for sale, offer and expose for sale, and give, lend, and
possess an instrument and weapon of the kind commonly known as a SHURIKEN,
4 BLADED THROWING STAR.

* * * * *

COUNT 11
On or about April 26, 2007, in the County of Los Angeles, the crime
of POSSESSION OF A DEADLY WEAPON, in violation of PENAL CODE SECTION
12020(a)(1), a Felony, was committed by MATTHEW ARTHUR CORWIN, who did
unlawfully manufacture, cause to be manufactured, import into the State of
California, keep for sale, offer and expose for sale, and give, lend, and
possess an instrument and weapon of the kind commonly known as a SAP
GLOVES.

* * * * *

COUNT 12
On or about April 26, 2007, in the County of Los Angeles, the crime
of RECEIVING STOLEN PROPERTY, in violation of PENAL CODE SECTION 496(a), a
Felony, was committed by MATTHEW ARTHUR CORWIN, who did unlawfully buy,
receive, conceal, sell, withhold, and aid in concealing, selling, and
withholding property, to wit, MILITARY IDENTIFICATION, MILITARY BADGE,
MILITARY CHEMICAL SUIT, TACTICAL ENTRY, which had been stolen and obtained
by extortion, knowing that said property had been stolen and obtained by
extortion.

[xdimitrix]

If I were him I'd rather have 36k for my legal fund than burn 36k just to get bailed out.

[xenophobe]

Well if he cant make bail how long does he have to sit in jail for til the next hearing?

He has to sit in court until the charges or dropped, the bail lowered, or until the case is over.

[Franksremote]

If I were him I'd rather have 36k for my legal fund than burn 36k just to get bailed out.

+1

The standard is 10% but some of the BBM out there do it for less. Either way, if not putting up the whole bail with the court, it's almost a waste of resources to use the BBM.