What is the largest bail bond ever posted?
- by Ryan Mullinax
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There have been some high-profile cases where the bail amount was in the millions or even tens of millions of dollars.
One notable example is the case of Robert Durst, a real estate heir who was arrested in 2015 and charged with murder in Los Angeles. His bail was initially set at $10 million, but was later increased to $21.5 million. Durst was able to post bail and was released from jail while awaiting trial.
Another example is the case of Raj Rajaratnam, a billionaire hedge fund manager who was convicted of insider trading in 2011. His bail was set at $100 million, which was reportedly the largest bail amount ever at the time.
The bail bond premium is typically only a fraction of the actual bail amount. Bail bond companies charge a fee, typically 10%, to post bail on behalf of the defendant, so the actual amount paid by the defendant or their representative may be much lower than the bail amount set by the court.
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