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The Highest Bonds Ever Set By the Judicial System

The roles of a bondsman revolve around criminals and the courtroom. Suspects usually have to appear in court and appeal for a bond, which is usually an amount that is paid to act as sign of assurance that they will keep appearing in court for the subsequent hearings until the sentence is pronounced. The judge is the one with the mandate of assessing how severe the case is and then setting such an amount that is correspondent to the amount. The criminals, many a time, lack the money they are required to produce to be released.

This is now where the role of the bondsman comes in such that they agree with the suspect that the suspect will pay the bond for them in return for a certain amount when the bond is given back by the authorities. However, the bondsman needs to first receive an asset that they can hold on to as security for the loan before paying the bonds for them. The other condition is that if the criminal does not appear in court, the bond money becomes non-refundable. This means that the bonds man is among the people who are interested in the suspects appearance in court as it will have a direct implication on them. Other times they need to track these suspects down using the assistance of bounty hunters because it’s their money that is at stake and the suspect may be least interested in whatever asset they used as security.

It is interesting to learn that the government makes a fortune from the money paid in bonds bearing in mind that any criminal will want enjoy their freedom of movement even when the payoff is parting with some money. Anyone can now! read more about the most outstanding amounts paid in form of bonds from websites accessible online. The criteria used when setting the bond about can also be read in such websites. These websites also bring into light some of the facts that led to some of the bonds to be extremely high.

The highest bond ever recorded was one of an amount of four billion for a murder crime. However, upon review, another judge lessened the about saying that was unconstitutional. Another criminal whose initial charge was murder was the accused of tampering with evidence and bond jumping severally was required to pay three billion as a bonds, an amount which the judge set in fury. This amount too, was reduced when the suspect made an appeal, and they were to pay one hundred and fifty thousand dollars for each offense accused of. Yet another overly high amount went to a group which was running a brothel where they were required to pay one billion as bond.

Categories: Financial