how do people make huge $ bonds?

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There’s a murder story in my home town and the guy had a $6 million bail and paid it. How? I understand there are places you can get bond money but $6 million? Every time i google it, the results are just bail bond links and advice to get off.

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5 Answers

Anonymous 0 Comments

You don’t actually have to give them $6 million, you could but not many have that kind of money, let alone as a liquid asset to call upon immediately.

More commonly people provide physical assets or other non-cash securities, so the person would put their house up as collateral, their parents would do the same, the person would say “I have $250,00 worth of apple stock” which can be put towards the bond.

The bond itself isn’t you paying the court to get out of jail (although it may seem like that), it’s actually in the other direction; “if I fail to show up at court, here are a list of collateral to be seized by the court.” So if you run, your house, your parents house, and the apple stock would all become property of the government.

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