@MissMalowe said:
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Out of curiosity, how do things work in terms of the first bail? Was that just wasted money since the point of paying that was to give him "freedom" but now he's been re-arrested, so was that money refunded partially? Held up until trial? Simply wasted completely? Financial ruin for him or whoever was stupid enough to help him out, I hope.
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Cash bail, and bail bonds are different animals.
As PS was released on $500,000 bond, I'll be specific to bond here.
It starts with a contract between a bail bond agent, and the individual(s) posting bail for the defendant.
The purpose of the bond is to guarantee the defendant will appear in court, each and every time the judge requires them to.
After the bail bond agent secures $500,000 collateral (i.e., PS bond amount) from individual(s) posting defendant's bail, the agent will post defendant's bond with the court. For a bond this size, it's most likely that real property (equity) was put up for PS bond.*
Since the bail bond agent is guaranteeing defendant's appearance, he/she charges defendant a
premium for this service. The premium paid to the bail bond agent is NEVER REFUNDABLE.
In the case of PS, since he was returned to custody, and now the Sheriff responsible for getting him to court, the bail bond served its purpose, the bond surety exonerated (i.e., released from the obligation).
Since bond surety exonerated, the collateral from individual(s) is released.
* It appears that the $500,000 collateral for PS bond required 7 separate bonds:
4 @ $50,000 each, and 3 @ $100,000 each.
Had PS skipped, all of the collateral for those 7 bonds would have been forfeited!
Inmate Detail - STALLWORTH, PATRICK DEVONE
Bond Number Bond Type Bond Amount
2019-00017316 Good Bond $50,000.00
2019-00017317 Good Bond $50,000.00
2019-00017318 Good Bond $50,000.00
2019-00017319 Good Bond $50,000.00
2019-00017320 Good Bond $100,000.00
2019-00017321 Good Bond $100,000.00
2019-00017322 Good Bond $100,000.00
