His parents now have a very good incentive to make sure he makes it to court.
Once he makes it to court, that $250 million is paid back. The only thing the parents lose would be the interest payments on the loan from now until the court date.
Once he makes it to court, that $250 million is paid back. The only thing the parents lose would be the interest payments on the loan from now until the court date.
Probably a judge doesn't care where it comes from and the bail bond people see the risk the way you do but it is a bit weird how a person suspected of crime at this level is allowed to await their day in court in freedom while others are immediately jailed because they didn't steal enough...
Next, they aren't using a bondsman. I doubt any bondsman has $250 million to dedicate to this for any length of time.
And they are allowed to wait "in freedom" because bail was posted on their behalf. Those are the rules of the system.
The only asset pledged is their Palo Alto house, their ownership of which I believe predates any alleged fraud of SBFs.
It doesn't cone from anywhere, its a promise to pay (with a very streamlined enforcement process), not a transfer of funds.
> and the bail bond people see the risk the way you do but it is
There are no “bail bonds people” here, unless you mean his parents and the other two sureties.
> it is a bit weird how a person suspected of crime at this level is allowed to await their day in court in freedom while others are immediately jailed because they didn't steal enough...
Money bail is a problematic system, sure, but it also doesn't work the way you seem to think it does.