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Not quite. You pay a bondsman 10%. The bondsman turns around and pays the full bail amount to the court. If you show up, the bondsman gets their money back from the court but keeps your 10% as a fee. If you don't show up to court, the bondsman does not get their money back and is left holding the bag for the other 90% of the bail amount.

discuss

TuringNYC|3 years ago

What professor has $25M lying around to pay the bond? Yes, Palo Alto homes are expensive, but those are not typically the homes professors are living in.

eddsh1994|3 years ago

Their house is valued at $4m on Stanfords campus, fwiw.

mokanfar|3 years ago

What bondsman has $250 million in the bank to do this? Seems like such an obscure niche to be in.

kickopotomus|3 years ago

I doubt they used a bondsman. $25 million is a pretty steep fee. They likely paid the entire bail amount and will get that money back once SBF shows up to court.

xorcist|3 years ago

That kind of money could still save about 5000 lives from malaria, according to GiveWell.

When push comes to shove, morals aren't easy to come by. Especially not when put up against some downtime with the family.

s1artibartfast|3 years ago

That is if you have no collateral to back it up