Bail Agents arrested for using phony bail bonds

For those of you not in the bail industry or don’t quite understand what these people did, I will try to explain it.  Any bail bondsman has to pay a percentage of the 10% premium to an insurance company and a Managing General Agent.  On average its about 30%.

So let’s take the $500,000 dollar bond in this article. The client would have to pay the bondsman $50,000. Of that $50,000,  about $6,500 would go to the Insurance company and $6,500 to the Managing General Agent. Leaving the bondsman with a $37,000 profit.

Every bond you receive from the Insurance company is serial numbered so they know when you use one and when you don’t. It’s to prevent bondsman from posting bonds and not paying them their percentage. What these bondsman did was make fake bonds to post at the jail and since they’re fake there is no need to report anything to the Insurance company.

Bailbond workers may need to be bailed out | Local - Home

Bailbond workers may need to be bailed out | Local – Homehttp://www.wfmz.com/news/news-regional-berks/Local/da-readingbased-companys-use-of-phony-bail-bonds-rampant-throughout-pennsylvania/30198416Four licensed bail agents have been charged in the
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Arrestee seeks return of $15K from Bail Bonds Company

Arrestee seeks return of $15K from bail bonds company

jail copyGRETNA – A bail bonds company is being sued by a man who claims he was wrongfully arrested and returned to jail despite not breaking terms of his release.

Bernal Aguilar filed suit against A-1 Bonds Unlimited & Peeples Lending in the 24th Judicial District Court on Jan. 13.

Aguilar contends that on June 28, 2013 he entered into a contract with A-1 Bonds Unlimited & Peeples Lending to provide $15,800 for a bail bond. The plaintiff asserts that she did not violate the terms of the contract that was supposed to guarantee the plaintiff’s release from prison until her court case was finished. Aguilar claims that he followed all rules of his bail terms, but that 20 days into the contract he was woken up by Carlos Sanchez, an A-1 Bonds Unlimited employee, and arrested for no reason.

The defendant is accused of breach of contract.

Damages in the amount of $15,800 plus legal interest is sought by the plaintiff.

Aguilar is representing himself pro se in the case.

The case has been assigned to Division D Judge Scott U. Schlegel.

Case no. 746-818.

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