Donald Trump reportedly used a bail bondsman after being arrested at Fulton County Jail in Atlanta, Georgia, on Thursday, paying $20,000 of his bond set at $200,000 and taking out a loan for the rest of it. The fact that the former president resorted to such a measure has sparked questions on social media about the state of his finances.
Except when you give 10% to the bail bondsman, you don’t get that money back.
How long is this going to drag on for before he would get the money back. Depending on how he would have $200k invested, giving up $20k to keep the investment might be worth it.
This might actually be the real answer? A smart accountant may have recommended this assuming the trial would drag on for years?
That’s the point – 10% as opposed to 100%
You would get back 100% of bail once you show up for court. That’s how a bail bondsman makes money.
Right, ignore me.
Though I suspect that if you can leverage that debt, you can still come out ahead.
It’s not debt it’s a payment.
So he doesn’t owe the remaining 90% to anyone?
it was probably money suckered from some of his followers