$1,000,000 Bond – What to do and what not to do in the Bail Bonding Business

Two things about this article. In this article you’ll notice the family talking about not having a million dollars in collateral. Well 99% of the time you should get collateral for a bond that large, in this case, with such a high profile client I would definetly post this bond WITHOUT collateral. I’ve dealt with a handful of very high profile clients but if/when someone like this (especially George Zimmerman) skips court, trust me you won’t have much to worry about because the U.S. Marshall’s will track him down like a rabid dog and catch him.

So not only do you have the luxury of hunting him you’ll also have law enforcement hunting him. He will not have time to breathe with all that heat on him. In a heartbeat I would take the 10% fee ($100,000) and just do a signature bond. Signature bonds are the lowest form of collateral and require no property to be put up. Basically the person signing is promising to stand good for the bond amount if the defendant skips court.

One quick side not about this article before you read it. In the article I noticed the family said “We are encouraged we can work this out. We paid $15,000 initially for the first bail fee so an additional fee of $85,000 would have to be paid to post this new bond assuming we can work out the collateral issue.”

I’m a Florida bondsman. Unfortunetly for the family, the $15,000 they paid for his first $150,000 bond does not go towards the new $1,000,000 bond. It’s actually a felony for that to occur. If a judge revokes a bond and the bond amount changes whether it’s higher or lower, the bondsman must charge 10%. The bondsman pays a fee to his insurance company on the $15,000 and also must pay a fee on the $1,000,000 bond. If the judge would of let the bond remain at $150,000 it would also be illegal for the bondsman to charge the fee again. You can only charge the 10% ONCE for the same bond and same bond amount.

Here’s the article..enjoy- http://theconservativetreehouse.com/2012/07/06/zimmerman-posts-1-million-dollar-bond-hes-released-from-jail/


Houses of the Holy

Ok.. this one here will stick with me probably forever. Not because of the defendent but because of the person that helped me with this one.  The basic story is the guy skipped and left his buddy out to dry.

His buddy who has 5 kids put up his own van for him. His friend was really stressing out because we actually took his van and put a FOR SALE signs on it. As bad as we felt, it is a buisness and you have to be able to seperate personal feelings and business.

I really put alot of effort into finding this guy. I didn’t want his friend to lose his van, especially having kids. Eventually, I contact a pastor who says this guy comes in to the church sometimes at night. I explain to the pastor his friend’s situation and the pastor agrees to set him up as long as I don’t arrest him inside the church because of all the kids around. I agree..no problem with that.

So I set up and eventually spot the target pull up in a car with 3 other guys. The target then walks in the church. Unfortunetly, I’m no longer comfortable with arresting him outside given the 3 guys with him and the fact I’m not convinced someone there doesn’t have a gun.

So I walk into the church , I see there is no one around AT ALL and I quickly arrest him and take him out. The only people who saw the arrest was me, the defendent and the pastor.. thats all!!

Later on the pastor calls me and actually starts SWEARING at me for arresting him inside the church. I explain to the pastor the possible danger that lurked outside and the fact no one was around. I also explained to the pastor that he just helped someone who has 5 kids get his only van back after trying to help a friend get out of jail. I would think he would feel good about that. The only bad guy here was the defendent who cared nothing for anyone who helped him out. The pastor dropped the f-bomb on me and said he was calling the cops. Later, I find out the pastor has a criminal past. Geez…. I understand turning your life around but he has not accomplished that yet… he’s a punk who somehow became a pastor.. very sad. Police explained to him that I did nothing wrong and told him to have a nice day. Total bond recovered was $7,500.