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.

  • Sludgeyy@lemmy.world
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    1 year ago

    No

    You lose money using a bondsman

    There is a bail bond fee or premium associated with using a bondsman

    This is non-refundable to trump.

    If he comes up with the cash himself and cuts out the bondsman he would get all his money back from the court after showing up to court.

    Bondsman gets all money back if trump shows up to court. They are not losing a penny. But making money because of the fee or premium.

    Only way it would make sense is if he was really trying to skip town. Then, losing fee would be less than 10% of the bond.

      • RedAggroBest@lemmy.world
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        1 year ago

        They aren’t obligated to break the law and harbor Trump. They’re law enforcement, not bodyguards. The bounty hunter either talks to them about the situation, or a federal marshal does. Either way the results is they organize a very tight security detail around the arrested and jailed former president.