Bail Bond For a Money Laundering Charge
Bail bond companies help people who do not have enough money to post bail in criminal cases. The company charges a fee for their service, which is usually 10% or less of the total amount of the bail set by the court. In return, the accused gets to stay out of jail until their trial or they decide to take a plea. However, the accused must agree to do a few things in exchange for this. They must pay their premium, give the bail bondsman some property or cash as collateral and attend all of their court dates.
Most courts have preset bail schedules. The judge will consider the nature of the case before setting the bail. The judge is supposed to also look at whether the amount of bail will cause “undue hardship” to the accused and their loved ones. However, many judges ignore this requirement and impose high amounts of money bail. Those who cannot afford to pay bail will remain in jail until they go to trial or they decide to take a plea.
If the accused does not appear in court, the bonding agency will lose some of its property as collateral. This property can be a house, car or other personal possession. In some cases, the bail bonds company may hire bounty hunters to track down the accused and bring them back to court. The accused can be arrested for a failure to appear charge if they skip bail.
Can You Get a Bail Bond For a Money Laundering Charge?
Those who are charged with fraud will often be required to prove where they got the money that was used to buy their freedom. This is because it is a crime to conceal where you got illegally gotten money. In addition, if the accused is caught for money laundering they will be subject to asset forfeiture. As a result, it is very important for those who are charged with this crime to work with an experienced attorney.
Some people have so much money that they can get out of jail on their own. Others do not have any money, but they still want to make sure that they do not miss their court dates. In this case, they can have a friend or relative post a bail bond for them. A friend or relative will usually have to sign an affidavit saying that they are willing to forfeit some of their property if the accused does not appear in court. This affidavit is normally notarized and given to the court.
Those who have been charged with money laundering will need to be careful about how they use their assets while they are out on bail. They will need to avoid speaking about their situation with anyone but their attorney, as any statements that are made can be used against them in court. In addition, the accused will need to keep in contact with their attorney in order to be reminded of their court dates and not to skip them.