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Bail Industry News
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April 20, 2011
An article was released by the Carlsbad Current-Argus that made statewide news in New Mexico. A bail bond agent captured a fugitive who had been on the run for seven years.
April 11, 2011
In order to reduce out of pocket costs for Florida taxpayers, Sen.Ellyn Bogdanoff has proposed a bill that will eliminate pretrial release for defendants who can pay their own way.
February 28, 2011
When felony defendants jump bail, bounty hunters spring into action. It's a uniquely American system, and it works.
January 14, 2011
Based on our research, the largest bond ever set in the US is shared by at least two people. In 2008, Raj Rajaratnman was hit with a $100 Million bail bond. Last month, in Memphis, Tennessee, Christopher Williams was also given a $100 million bail amount. See below for both stories. While bail is not a concept used globally, the largest bail bond that has ever been set from a global standpoint is $133 Million (100 million euros), which was received by Austrian Banker Julius Meini in 2009. Other notable bail bonds include Bernie Madoff at $10 Million and Tyco CEO Dennis Koslowski at $10 Million.
January 12, 2011
A new study by the U.S Department of Justice (DOJ) found the number of individuals who were held in jail decreased even through the use of commercial bail bonds has gone up. The overall jail population has decreased from 773,341 in 2007 to 760,400 in 2009.