Donald Trump reportedly used a bail bondsman after being arrested at Fulton County Jail in Atlanta, Georgia, on Thursday, paying $20,000 of his bond set at $200,000 and taking out a loan for the rest of it. The fact that the former president resorted to such a measure has sparked questions on social media about the state of his finances.
I am not American, so it might be the phrasing that confuses me.
But is the 10% returned to the defendant? Or that’s a flat fee that the bondsman take?
If that is the latter, then I understand why people are questioning why Trump is using a bondsman since he supposedly have the cash to cover the full bond that he will get back once he shows up.
So either he plans to fuck off so he saved 90% of his bond, or he’s having cashflow issues.
If it’s the former, then it make total sense to use a bondsman regardless of your fortune.
The 10% is payment to the bondsman. They keep it.
Then people definitely have to question why a supposed billionaire is using a bondsman.
Exactly, if he actually had the money and doesn’t plan on skipping town, then he should have no problem putting that money up. I see a lot of people saying he’s not above running away, but I really don’t think his ego would let him. I think he truly believes he can beat the charges or win the election first, despite all the losses he’s already had.
You can consider the 10% as “interest” since the bondsman would have to cover the rest of the bail in case the indictee doesn’t show up