51–60 of 500 posts
Earlier quoted context omitted.
When I needed to post a large bail I couldn't afford I got a personal loan so I wouldn't have to forfeit the bond amount. Bail bond companies are mostly a tool for those without any assets.
SBF will be banned from opening up new lines of credit. Don't know if that only begins after the bail starts though.
I wish we, as a society, could decide whether M is thousand or million and then only use it to represent that one concept. From the headline I initially assumed his bail was only $250,000 and I don’t think I’m the only one in this thread to have made that mistake.
Earlier quoted context omitted.
Probably very few can guarantee that much. But bondsmen don't have to just cut you loose with zero oversight. For a small slice of the $25m they can hire a team to follow him around 24/7. I assume they also put him in a ankle tracker and have him checking in on a strict schedule. All of this cuts into their profit so it's only as risky as they are cheap about monitoring him.
What recourse would a bail bond company have if they monitored him fleeing? Can they physically detain him? Or just report to the authorities?
I wish we, as a society, could decide whether M is thousand or million and then only use it to represent that one concept. From the headline I initially assumed his bail was only $250,000 and I don’t think I’m the only one in this thread to have made that mistake.
When does M mean thousand? I've never seen that. K means thousand.
Its less common now, but historically the latin-derived “M” for 1000s and “MM” for millions was dominant in finance and accounting; metric-style “k” for 1000s and “M” for millions has become more popular, but you’ll occasionally still encounter the other style.
https://corporatefinanceinstitute.com/resources/fixed-income...
I wish we, as a society, could decide whether M is thousand or million and then only use it to represent that one concept. From the headline I initially assumed his bail was only $250,000 and I don’t think I’m the only one in this thread to have made that mistake.
Impressive. He was just short 10B of customer funds and managed to come up with 250M so quickly! Must be a legendary trader.
Likely needed 25M for actually posting bail. He also did a lot of nice things and has a lot of friends, not to mention family. No big stretch of the imagination here.
I feel sorry for his parents - legal fees is going to financially wipe them out and any plans for retirement. I'd rather stick to my mediocre returns of my money market accounts than this crypto forex NFT nonsense.
They're free to let him take a plea deal and go to prison
Earlier quoted context omitted.
Probably very few can guarantee that much. But bondsmen don't have to just cut you loose with zero oversight. For a small slice of the $25m they can hire a team to follow him around 24/7. I assume they also put him in a ankle tracker and have him checking in on a strict schedule. All of this cuts into their profit so it's only as risky as they are cheap about monitoring him.
What recourse would a bail bond company have if they monitored him fleeing? Can they physically detain him? Or just report to the authorities?
> If the defendant fails to appear in court, the bond agent is allowed by law or contractual arrangement to bring the defendant to the jurisdiction of the court in order to recover the money paid out under the bond, usually through the use of a bounty hunter.
Who are these unnamed individuals, and what is their interest in this?