The recent news about a large number of wealthy parents bribing colleges to admit their less-than-qualified teenagers has highlighted many issues. Some men and women take an interest in how high the bail has been set for those who have been indicted. It shows that high bail is not only for violent crimes but for certain white-collar ones as well. Wealthy individuals generally do not apply for a Bail Bond in Oklahoma City, but people who are struggling financially often do so because they cannot afford cash bail.
White-Collar Crime Bail
Some of the defendants in the racketeering, fraud, and bribery college admissions cases have bail set at $1 million. Judges know that these men and women will be able to pay the bail, which will be refunded when the cases end as long as the defendant doesn’t run away or get arrested for another offense. When a middle-class or working-class individual has bail set that high, it’s unlikely that a bail bond will be obtained. The usual fee for the service is 10 percent of the cash bail, leading to a $100,000 bond fee that is not refundable.
Lower Bail Amounts
Most people who use the service for a Bail Bond in Oklahoma City are dealing with bail set at much lower amounts, but the number is still too high for their circumstances. Bail might be $20,000, for example, which seems astronomical to them. However, they can put together $2,000 for the bail bonds agency so they can be released from jail.
Preventing Dire Consequences
Although most people may not have much sympathy for rich celebrities and business moguls who get into this kind of trouble, those individuals still want to get back to their families and to work. It’s the same way for people who don’t have a lot of money, although they are usually dealing with more desperate circumstances. A millionaire who misses work is not going to be in dire straits the way a single parent living paycheck to paycheck will be. Securing release with the assistance of an agency like Advise Bail Bonds can be the answer.
