Who Makes Money From Bail?
Вставка
- Опубліковано 13 лис 2019
- When someone finds themselves in jail, they can often gain their freedom while they await trial by posting bail. But even small bails amounting to just $500 or $1,000 can prove unaffordable for many. In fact, 40% of Americans say they could not afford an unexpected $400 expense, according to the Federal Reserve. Bail bonds offer a way out. Bond companies will post bail for defendants in exchange for a fee of about 10-15% of the total bail amount.
» Subscribe to CNBC: cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: cnb.cx/SubscribeCNBCclassic
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/InstagramCNBC
#CNBC
Who Makes Money From Bail?
Maybe not everything should be turned into a business
Wait, so what do you want? You want people to stay in jail? In Japan, you stay in jail for upwards of a month. I find it so funny that the same people are accuse the police of wrongly arresting people also fight to end the same system that gives them the right to get out of jail by a cash payment which can be paid off with a payment plan.
The issue isn’t the bail system. Stupid arguments.
@@ethanchiasson9956 maybe the us should start using justice not dollars to protect the people?
@@ethanchiasson9956 What about those who can afford bail, not even a payment plan, or that have to drawn in debt just to pay it? Just because the justice system is not the worse of all, it doesn't mean it's the best either, if you don't want to improve something just because there's worse, then why bother with trying to find the cure for cancer since chemotherapy is better than daying of cancer?
seasong especially a 911 emergency call
@@ethanchiasson9956 Maybe not have stupid laws and even more stupid LEOs that allow you to get arrested for a straw?
I find it odd that, even if you are found innocent your life still can be ruined. Either by paying the bails bondsman money you can't afford to pay or rotten in jail to eventually lose your job.
hotu While I agree with bail in principle, I disagree with profiting from bail (or more specifically, fees for bail bonds; I find it morally objectionable that one should permanently lose any amount of money, no matter how small, due to an indictment in itself).
The state could do the exact thing bond agencies do - mitigate risk through ankle monitors, regular checkups, etc. less risk = less bail; and mitigate cash bail by accepting collateral (collateral is only a problem for a person who *intends* to skip bail). Then you could have bail as low as $300 (which would, of course, be returned to the defendant upon verdict, guilty or not - instead of a $300 bond fee which isn’t returned) while also maintaining the integrity of the system, with a powerful deterrent against bail slipping - losing a house/car. The only problem is the state would need to absorb the costs of monitoring, foreclosing on collateral, auctioning, wages for officers who would conduct regular checkups, etc., presumably using taxpayer money.
@@Addlibs some of that stuff's already taken care of. Honestly the probation system could be expanded to cover a bail system.
You are aware you get arrested either way right? And if your found innocent it doesnt fo on your record.
@@yugiohpokemon5285 are you aware a trial can take months in most cases or even years in extreme cases to happen. Do you think your boss will hold your job on the possibility your innocent? And in some cases you may have to put up $2000 or $20000 that you don't get back for bail. Both could ruin the average non rich person. And this is not including paying a lawyer who gives a care to defend you. Because both system of a state defense (public defender and bar lottery) either don't care or can't afford to pay for a proper defense.
@@imNotGivingMyNameToAComputer you only have to put up 50 percent and there places to get loans on them.
Land of the fee
cloud ix
I see what you did there
Home of the Pay.
cloud ix : you made a funny ! But its not all that funny is it !
Unrelated, but end private prisons
Related
I heard only one presidential candidate speaking about cash bails and removing profit prisons.
Andrew yang.
@@pranayvelisoju6144 Im pretty sure most of the Democratic Candidates want to get rid of bails and private prisons. Sanders has been talking about it forever and has it part of his platform.
The Government cannot just cut off any cash cows as long as roads, hospitals, schools, libraries need to be maintain. If government can get more money from your dog, assume it will come after your dog.
The system that punishes you by FIRST disabling you financially.
In a capitalistic society it's expensive to be poor.
But the dumb and poor keep making mistakes, this is the only way they will learn, keep them in jail until they get it, did you know lot of inmate are smarter when they got out of jail, they were dumb when they when in, but smarter after.
@@dangda-ww7de uhmmm... what. Anyone can get arrested, guilty or not, that's why we bother with trials in the first place. Are you familiar with democracy and the concept of fair trials?
@@AvgJane19 someone doesn't get sarcasm
@@MiloTheFirst1 I don't think that dude was being sarcastic. People are really this dense
@B Dan Overdraft fees, student loan debt, predatory lending, paying rent for nothing instead of a mortgage for equity, extensive commute time's with no car, food desserts, shittier schools, shittier hospitals, shittier diet because it's cheaper, and this abusive cash bail system. If you were born poor you'd know..
America is a pyramid scheme, steal from the poor and desperate, give to the rich.
Nobody can make money, on a bail bond except Herbert Bail Bondshhhh
Is this Gregory Stevensh?
S c o t t?
Do you wanna know what the bailbondsh businessh is all about?
I can’t believe CNBC doesn’t know this? How could they possibly do this?
This is horrifying
One of many errors of Iife
Non violent crime that does not hurt anyone other than the person who committed the crime should not require bail...
That would even more benefit white collar criminals who are already pretty much on the upper end when it comes to wealth and the justice system. Do you think tax evaders or fraudsters shouldn’t need to set aside some sort of bail?
@@Addlibs No.
i didn't have to pay bail when i shoplifted from Walmart. i got out on "OR" I live in cali
@@Addlibs bankers and politicians already get off scot free. I'm speaking for the common "criminals"
So if your neighbor breaks in your house while you away at work and get arrested and release and do it again the next day and get arrested and release than I guess you will be ok with that.
You know what?
You know what...
You know what?!
GO SIT UNDER A TREE
Nobody can make money on a bond except a bail bondsman.
But they can lose because if the defendant skips bail they have to pay in full right?
That's not good information.
I know of one Gregory Stevens hes a black gentleman whos son never paid me
Where I live, if the Police wants to keep a suspect in custody during trial, they've to prove to a judge that the person is a risk to society or might tamper with evidence or witnesses. If the Police can't prove their case, they've to let the suspect go.
Arushad Ahmed that is also dangerous because of smart and slimy criminals. I know someone who was let go and immediately came back and broke into the victims house
@@noodles1291 Its better than having an innocent sitting in jail for months.
Well, atleast it's based on risk, not money
Le Quack I don’t think the risk of having someone dead or beaten because of a fluke is worth it.
Whr do u stay
Is this Gregory Stevens?
In Canada paying someone's surety for a fee is literally a criminal offense.
@Anonymous Panacea What is a surety?
A surety is a person who comes to court and promises to a judge or a justice of the peace to supervise an accused person while they are out on bail.
A surety also pledges or promises an amount of money to the court by signing a type of bond called a recognizance. By doing this, the surety risks losing some or all of the money they have promised to the court if the accused doesn’t follow one or more of the bail conditions or fails to show up to court when required.
lawfacts.ca/criminal/surety
Andy, stop speaking in legalese and explain it in layman’s term to the masses.
But I’ve gone through the bail process in T.O, I know what you mean.
@@DAndyLord that is so humane and likely effective.
@Anonymous Panacea if you have trouble understanding what Andy said.
Surety is a sum of money and a list of requirements that someone promises to do to get someone in jail out.
@Anonymous Panacea Use a dictionary and stop being incredibly lazy! You need to think for yourself and stop bring spoonfed begging others to feed you information which is literally in your hands of today's cellular phones. There is simply no excuse to be willfully ignorant.
The smug arrogance of the bail heads is unreal!!! Also insurance is one of the biggest scams out there!
The "lady" with the big hair is really, really proud of the scam she is involved in.
She's a man
@Mike Fernandez America has "due process" so no one is a criminal until they are convicted in a court. You drop of out of school in the 6th grade Mike?
@Mike Fernandez You're one of those internet tough guys that gets scared when he leaves his moms basement? You have 911 on speed dial? You are 100% right to be scared. The cops wont be able to rescue you. LOL
@Mike Fernandez Just because you've been arrested doesn't mean that you are actually guilty of a crime.
@@treykaiza Probably so!
Come to my office!
That insurance lady should rot in jail
The CORE problem is when authorities (police, district attorney, etc) arrest and acuse people without having proof of their alleged crimes, and judiciary system agreeing to keep them locked up for no reason for any amount of time while technically being not guilty. If State would have to pay their own "bail" to people proven to be found not guilty (equivalent to their job income for the time they were in jail, attorney fees, etc) for rhe time they were wrongly acused and arrested, they would be a lot more careful and try not to put randow people in jail damaging their personal reputation and overall consequences explained in the video. For a country that claims to be "the best in the world" learning more and more about how it actually is and how it actually works and not how it sells itself is really disappointing.
Well said. Additionally, why the hell do people have to wait so long for a trial. Cases should be heard as soon as possible to minimise time in custody before formally being convicted. What happened to the right to a speedy trial?
See the big red letters that say "bail bonds" and the CNBC logo in the thumbnail?
R.I.P. Fred Herbert, the best baildbondshman!😄
are you taking some kind of drugs or drinking
No one can make money on bail, except Fred Herbert!
YESH! Five thouzhand dollarsh.
Go sit under a tree!
When your sentenced and your in prison you just have your time to do Bail is something you can post while your fighting your case now theres also bail on appeal but that would have to be something set up by an attorney sometimes its better to be out while fighting your case and not have to be in custody
Who is Fred Herbert and why does he keep calling
Very informative. I always wondered how it worked. Now that I see , i never want myself or my loved ones caught up in the system
Man if I didn't have a strong sense of morals, I will be rich asf in this country.
And no wonder why there's a rise in prisoners numbers....prison for Profit!
hyou zan ren that’s true
Honestly this video is new but the information isn't. There's videos from years ago that explain this.
I am Indian and even though we have worse case of corruption but even then this bail business seems truly horrible to me.
Circle Of Love Means=We Want Our Money No Matter Who Give It To Us
USA is so broken.
Greetings from Europe
Land of the free
I agree with you 100%!
@@patrikpejic93 Land of the sharks
Where in Europe?
Yeah Europe doesn't have any problems.
This is wildly upsetting to know about, but this was excellently made content. Very informative and captivating
This was a great story, but the reality is nothing will be done.
jr Stz yeah pretty much
@Sean Stevenson I totally agree with you
It's sad that America preys on the weak. I learned a few things from this, one definitely keep an account for the "unknown"
Um no. This video is propaganda. I'm a bondsman. Do you know how many of my customers thank me for helping them out of jail? Don't believe everything you hear on the internet.
It’s not America preying on the weak. We are a federalist country, meaning laws are written and enforced at the the state and municipal levels. Blame the corrupt district attorneys and municipal court judges, not the country at large. Does your school not teach basic civics?
What's even crazier is that you can't post your own bail even if you have you have actual cash (and/or a CC or debit card) on your person. They confiscate your personal belongings when you're arrested leaving you no option other than being bonded out. And bail for misdemeanor charges are more like $1000-$5000
In San Diego I know a couple people who were able to post their own bail via bail bondsmen
That’s not
True
Bail is a severe burden to the less fortunate...Who the hell cares?
Not the politicians, lawmakers and justice system apparently.
america is one big open air prison.
No, it's not. Your perception that criminals freely move about in full public view across every inch of the U.S, is an inaccurate depiction.
J High lol what?
@@ivanlowjones the real criminal hardly ever see any jail time.
Brainwashed North Korean
@@appliancedude63 you're wrong. Grand theft, GTA, domestic violence, domestic battery, child molestation, child endangerment, robbery, kidnap,; this are the common charges on the daily basis. Are those not crimes? People who committed those crimes are not criminals??
Bail bondsh.
Is this Gregory Stevens?
I-I don’t understand why you’re so mad at me sir.😟
I know you are a better gentleman than this...
You and I have gotten along fine, and I don’t know why this is happening....
@@notarielfromthelittlemerma8090 I don't understand this...
All of this could’ve been avoided if John hadn’t gotten the receipt wrong.
Damn John....
I'm on UA-cam & they prank call me all the time...
Now I know the difference between jail and prison.
Happened to me in Texas. They came to my house for smelling "marijuana" which was actually legal hemp.So they used probable cause to search my apartment then charged me with possession of marijuana and a controlled substance (that was actually drywall) I stayed in jail for 5 1/2 months before seeing a lawyer or going to court. When I got to court they said if I just plea guilty I'll be released. The court appointed lawyer basically coherced me into doing it. I lost my social, birth certificate, highschool diploma and anything of value. They really know how to break you down.
0:37 why did you include footage of Sao Paulo - Brazil in this video?
Money is truly the root of all evil.
Bronwyn SoCal Gal no, people are the root of all evil. They use the money.
Actually It's the love of money.
how would you know?
and it's in churches
That's not the original quote though. It's from the Bible and it says, The LOVE of money is the root of all evil.
How can a company be allowed to arrest people, such a strange system.
+
Yeah I don't think that's allowed even if you signed a contract.
He really just said the equivalent of "Well everyone else is doing it!" Also, sis' concerns about a rise in crime by the doing away with cash bail, is unfounded; The people in question have merely been ACCUSED of committing a crime. Given the ridiculously high numbers of wrongful, illegal, or "insufficient evidence to prosecute" arrests that occur in the US, the number of persons released that are actual criminals should be minimal. She also seems to be forgetting that there still is going to be a trial and those that are actually guilty will (hopefully) be so found and THEN placed in prison.
Nobody can make money on a bailbond except Fred Herbert.
Being poor is a crime.
How could they possibly do thish?
Wow! It was pretty damn sick...
Thank you for addressing this problem
Nobody makes money on a bail bond except Fred Herbert.
He’s a bail bondsman so he can get away with it.
I’ve been hearing that “$400 emergency” study fact a lot lately... does anyone know who conducted it?
I believe it's based on the average savings people have in their bank accounts. Essentially how big a fee they can pay without going into debt.
The study has been taken out of context and exploited by the media and politicians trying to lie to Americans to gain support. It's sad that both parties are so willing to make up statistics instead of telling the truth. This article explains it though if you haven't looked it up already.
www.bloomberg.com/opinion/articles/2019-06-04/the-400-emergency-expense-story-is-wrong
i find it absurd that jailing before conviction is constiutional in the first place. Innocent until proven guilt is a compley load of bull. Everyone knows in america it is guilty until you pay enough to prove your innocence,
Call Fred Herbert!
great documentary... keep up the insightful videos
In LA county you sit in jail for two days (longer if it’s a weekend or holiday) before you go to arraignment. Once you’re arraigned the majority of the time you are released on your own recognizance (OR) by a judge and given another court date, unless the crime you are accused of is a real violent crime, there is reasonable suspicion that someone will get hurt, not show up for court, or the crime will continue. You can also get released on OR prior to going to arraignment court if the arresting officer or their supervisor approves it unless one of the prior reasons are present. There is also a bail review service provided by the court that can override the police supervisor’s decision not to release someone on OR or they can lower that persons bail.
Everybody makes money off crime except the victim
Land of the free btw LOL
Fred Herbert
walnut?? is that what you said walnut?
Bail was created for poor people. They arrest people for traffic tickets. When you’re not suppose to jail someone due to financial issues
My bail was set to $30,000 for failure to apear on a old tinted window ticket in California. I awaited for arraignment a whole week because I couldn't afford the $3,000 they needed to get me out. Finally when i see the judge he tells me it was past the SOL and let me go. So I'm definitely against bail bonds
You don’t need to attend court for a ticket unless you’re contesting it (ie refusing to pay it), or unable to pay. The 8th amendment forbids excessive bail - I’m sure your bail would’ve been lower if you showed up and inform the judge of your salary.
My names Fred Herbert. I'm a bail bondsman. W-what's going on here?
I Googled your name and your company. People are saying good things about you.
And some are not
the fbi should really be called on thish...
Woaw! Why are you doing thish shir? Do you wanna know what the bailbond business is all about?
Why are you so mad at me?
Until proven guilty.. still locks them up until trial
Fred Herbert.
I personally went through this and by the time I got outta jail I was a homeless felon...
Nobody can make money on a bailbond except for Fred Herbert
Are you taking some kind of drugs or drinking?
Yeshhh... I just told you!
Nobody can make money on a bail bond except Fred Herbert.
" Bond agents are afraid of increased crime levels." 🤣🤣🤣🤣🤣
I’m glad I’m not the only one who found that hilarious 😭
I've seen a corrupt bail system.. Deleware County PA and their county jail is privately owned facility
How much ish the bail?
(...)
Ish it five hundred dollarsh?
Noh!
CAPITALISM HAS ALWAYS BEEN ABOUT LOOTING
Almost every Democratic country have this bail bonds system and they are affordable in other countries... capitalism has nothing to do with a corrupt justice system, corrupt judges, corrupt politicians and corrupt law enforcement
Court, Jail, Prison, Bail bonds, Law enforcement is a huge business in America along with Drugs and Vacations.
If the interest rate is down to negative, the rich will invest more on the bail bonds.
What if I get arrested, need the help of some bail bond agency and get found not guilty.
Do I get the “interest” of that agency back somehow?
My brother was caught selling drugs, and he was mailed and bail set to 20,000$ and even that short time in jail ruined his life. We eventually got it down to 2000$ and got him out. But in the 2 and a half weeks in jail he lost his job and his apartment and the car he had was towed for being an abandoned vehicle.. he hasn't even had his trial yet and it's been 6 months since his arrest. And that short period in jail when he's technically innocent ruined his life. And to only imagine if he would still be in jail waiting ? It's a ridiculous for profit system that ruins people's lives
You're kind of forced to post bail because they can set your arraignment date 6 weeks from the time you get booked. So because you can't get a public defender until that date, you end up opting for bail. Such a great system!!!
But you can call, right?
We don't have Bail bonds in Illinois
Best way to not be a victim of bail bond agents. Don’t get arrested
Yeah the first thing a Bond guy will ask you if you own a house that way if you dont pay they keep the home.
There was one bailbondsman l remember that called me. He stated he was right across the street, had a talking plant, had an obsession with walnuts, stated he was an ex felon(he should be fired??) very racist, and rude. I personally think he was drunk at the time but very unprofessional!
sad
bailbondsh
rip fred herbert
Itsh a great think for me to say!
Thank you Ron
st tammany parish louisiana is the worst for this kind of styuff
Fred Herbert makes the money.
and thats all to YOUR advantage
@@Cody9375 WHERE'S YOUR BROTHER IN CUSTODY?
Is this Gregory Stevens?
Go sit under a tree
@Peter Larson Are you sure you want to spend that kind of money?
The biggest advice! STOP BREAKING THE LAW.
Nobody can make money on a bail bond, except Fred Gordon Herbert!
is thish Gregory Stevens??
@@blackcruze1379 I know of one Gregory Stevens!
His son never pays me.
@@news_internationale2035 Just shay hi Fred and I will know thish isnt a recording
@@blackcruze1379 Noh!
@@news_internationale2035 im right acrosh the street
I wold like to se tell my story in Pulaski conunty Arkansas. I what’s there for to month and I was denied the one phone call after I was able to pay it myself I wish I can have more info.
Is there investigation into the bonds that are hidden and connected straight to the social security trust. The bigger payoff for the prosecutor/defendants council/judge
11:30 he said if they had grounds Id think they would be suing us right now. That’s a bunch of bs! If a defendant has to go to a bail bonds to begin with, it’s usually because they can’t afford to just bond out on their own and if that’s the case you can also assume they can’t afford a lawyer to take a bail bonds company to court to sue and do that while juggling their current case. It’s the perfect industry to get over and justify why the rip off goes on if they even admit to that, but it’s in their contracts in fine fine print way at the back or deep in the middle of all the paperwork work one signs with these people. This shouldn’t be legal. It leaves so much room for abuse with your freedom at stake. 300$ extra because you didn’t have enough for just that expense but covered the bond and looking at Jail when it wasn’t even a condition required by the courts then ripping off the person that comes to pay it just because you can, that is discussing! Are we in Ukrainian???? Or some 3rd world where citizens are fired to pay up or else. The only difference here is full blown business and contracts are made up around such scams but to me don’t make them any more damn legitimate!!! They just happen to be in a business that’s sue proof and they know their clients can’t afford to sue them or they wouldn’t need their services to begin with.
If you pay your bond yourself you will get all of your money back after you attend all of your required court dates and if you go through a bail bondsmen you will have to put like 10% down or use some sort of collateral for the bail bondsmen to pay your bail. Same thing again if you show up to all of your court dates you get most of your money back after the bail bondsmen takes his fee.
If you want to skip to the part where the video explains it go to 5:00
The US is a messed up state. They should at least repay the bail if found innocent. It may not be a very thorough alternative, but it's heck better than the status quo.
I finished watching this whole video, and it didn’t answer it’s own title question. It only explained “who makes money from the bail process”
That's the title of the video
Lmao
the bond industry profits vulgarly while their powerful lobbies fight against any laws that prohibit "cite in lieu of continued custody" and other reasonable checks and balances for establishing fair bail or determining flight risk by an unbiased member of the judiciary and other related issues. So the local BAR associations profit as does our judicial branches.
The shorter answer is, the accused DOES NOT PROFIT ONE BIT and none of the hot-shot defense attorneys will initiate and advance torts for any outrageous violations of any defendant's civil rights unless somebody is dead or in a coma, or, enough political pressure is offered by an outraged public.
There must be a high probability for sensational media coverage and exposure that props up any such advocate.
Wannabe cops or former cops who couldnt cut it.
If you’re sentenced and you’re in prison you just have your time to do. Bail is something you can post while you’re fighting your case.
You’re talking to my plant.
seems to me there seems to be a great opportunity of making big bucks out of the the American deplorability
what bail industry companies have listed stock?
I was thinking the exact same thing😂
What is a Secured Party Creditor?
Only a bail bondsman can make money on a bail bond.
Get rid of cash bail system
Michelle, the bail lady seems shady. I personally would not trust her.
2:30 That makes no sense. As a criminal I know that's bs.
Best reason to plead guilty is because we all know you got caught and you want a reduced sentence or like myself got have loads of charges just knocked away so you only get 1 charge.
New York portrays itself as the liberal paradise but has gestapo-style law enforcement and laws. So funny.
I live in NY, supposedly we're one of the most progressive states. However, higher taxes than most, one of the strictest states on gun laws, and not even legalized recreational cannabis. The ruling Democratic party have hoodwinked their constituents, nothing new.
It's the marketing.
In days ahead, technology can solve this issue
Did he compare the bond contract with a cable contract? One included my freedom another is a luxury item each month. The difference is obvious!
Sleezier industry: Bail Bondsmen or Tow Trucks?
We don't have bail bond agents in Oregon.
Yup
In Vancouver WA bail bonds are part the court system even Though they denied