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tsuggs
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Post subject: So You Want To Bail Out The Famous  Posted: Fri 06 Jan 2012 20:49 |
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Joined: Thu 09 Mar 2006 14:51
Posts: 3344
FRN Agency ID #: 3904
Experience: More than 10 years
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BondgirlCA
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Post subject: Re: So You Want To Bail Out The Famous Posted: Fri 06 Jan 2012 21:10 |
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Joined: Thu 23 Nov 2006 18:44
Posts: 1311
Location: San Ramon, CA
FRN Agency ID #: 1366
Experience: 7 - 10 years
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Hate to be that bondsman.....
_________________
Kate
650.863.8470
" Yeah, I see ya, you ding dong..."
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NYPD BLUE
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Post subject: Re: So You Want To Bail Out The Famous Posted: Sat 07 Jan 2012 08:43 |
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Joined: Thu 16 Dec 2010 10:07
Posts: 1033
Location: Miami, FL
FRN Agency ID #: 3828
Experience: More than 10 years
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I would not have touched that bond without Collateral.. ? What the hell were they thinking doing such huge bonds without taking any ?
_________________
JEFF P.
Limited Surety Agent (FL) - License # P_2O8124_
Private Investigator (FL) - License # C_27OOO33_
NABBI Member
"Surprise Sex is the Best Thing to Wake up to, UNLESS, You are in Jail... "
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SURETYRISKMANAGEMENT
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Post subject: Re: So You Want To Bail Out The Famous Posted: Sat 07 Jan 2012 19:09 |
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Joined: Thu 01 Dec 2011 03:49
Posts: 1182
Location: Los Angeles, California
FRN Agency ID #: 4013
Experience: More than 10 years
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Nice! Better them than me...
_________________
Jason Pollock
Owner/Operator
Surety Risk Management
Los Angeles, California
(323) 786-FIND
"Approach is Everything."
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tsuggs
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Post subject: Re: So You Want To Bail Out The Famous Posted: Sun 08 Jan 2012 01:38 |
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Joined: Thu 09 Mar 2006 14:51
Posts: 3344
FRN Agency ID #: 3904
Experience: More than 10 years
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SURETYRISKMANAGEMENT
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Post subject: Re: So You Want To Bail Out The Famous Posted: Sun 08 Jan 2012 01:49 |
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Joined: Thu 01 Dec 2011 03:49
Posts: 1182
Location: Los Angeles, California
FRN Agency ID #: 4013
Experience: More than 10 years
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Now that is one HUGE summary judgment! I wonder if that bail bond company is still in business after taking that hit.
_________________
Jason Pollock
Owner/Operator
Surety Risk Management
Los Angeles, California
(323) 786-FIND
"Approach is Everything."
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tsuggs
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Post subject: Re: So You Want To Bail Out The Famous Posted: Sun 08 Jan 2012 01:52 |
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Joined: Thu 09 Mar 2006 14:51
Posts: 3344
FRN Agency ID #: 3904
Experience: More than 10 years
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I may be able to find out later, as I write for the same surety, ASC.
Also, I am sure they will appeal the SJ, so this may be another year or two before it becomes final.
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Mdbtyhtr
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Post subject: Re: So You Want To Bail Out The Famous Posted: Sun 08 Jan 2012 06:22 |
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Joined: Thu 06 Jul 2006 14:22
Posts: 3982
Location: Maryland and Virginia
FRN Agency ID #: 455
Experience: More than 10 years
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How can they increase the bond and allow that bond to be posted when the initial FTA warrant was never served and the subjects were not in custody?
This makes no sense to me. As far as collateral, the couple may have posted property that was in foreclosure leaving the insurance company holding nothing.
I am quite sure that bonds this large had to be vetted through an underwriting process that satisfied the insurance company prior to being posted, but that is just an assumption on ky part.
Scott
_________________
R.E. "Scott" MacLean III
"Leaders are like Eagles, you never see them in a flock, but one at a time"
Chesapeake Group Investigations, Inc.
Chesapeake Bail Bonds
877-574-0500
301-392-1100 (fax)
301-392-1900 (Office)
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tsuggs
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Post subject: Re: So You Want To Bail Out The Famous Posted: Sun 08 Jan 2012 11:31 |
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Joined: Thu 09 Mar 2006 14:51
Posts: 3344
FRN Agency ID #: 3904
Experience: More than 10 years
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If they had a private attorney, under a waiver of appearance, the attorney could have petitioned the court to allow the new bail amount to be posted without the defendants being in custody or even in court.
If the Quaids were actually in custody in Canada at the time of the bail hearing, under CA Penal Code Section 977 various subsections, they could have agreed to the higher bail amounts.
Also, the bail agent must have been at that hearing or at least should have been and agreed to post the new bonds.
So, I think the surety is screwed in this case. Probably thinking too much about the $100k premium and not at the potential $1M forfeiture.
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SURETYRISKMANAGEMENT
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Post subject: Re: So You Want To Bail Out The Famous Posted: Sun 08 Jan 2012 14:12 |
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Joined: Thu 01 Dec 2011 03:49
Posts: 1182
Location: Los Angeles, California
FRN Agency ID #: 4013
Experience: More than 10 years
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That's a bummer for the Bail Bond Company and the Surety Company. What a hit to take! Do you think that was just a poor judgment call? That's the feeling that I'm getting. The Bail Bond Company should have secured those bonds with some serious, verified collateral. Sounds to me like they "jumped the gun" when they wrote those bonds. It pays huge dividends to be diligent in all of our efforts. An ounce of prevention is worth a pound of cure.
_________________
Jason Pollock
Owner/Operator
Surety Risk Management
Los Angeles, California
(323) 786-FIND
"Approach is Everything."
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