Aug 21, 2019

7 Astronomical Bail Bonds Throughout History

astronomical-bail-bonds

Getting a bail bond is a simple process. Most bail amounts we see at here are out local bail bond office in Texas are reasonable based on the crime that a defendant committed.

However, we have seen a handful of high bail amounts that raised eyebrows. While these were unusual, they still can’t compare to the highest bail amounts ever set in the U.S.   Check out the 7 highest bail bonds ever issued 

*Note: All of these amounts have been converted into USD

1. Michael Milken – $250 Million

Milken was the head of the high-yield bonds department at the company, Drexel. His downfall occurred in 1989 when he was found to be the ringleader of the largest criminal activity in Wall Street’s history.

2. Kim Freeman – $1 Billion

In 2005, Freeman’s bond was set in Ohio after she was accused of running a brothel. She was labeled as a flight risk so bail was originally not recommended. However, in the end, she was given a bond so high that the bail process wouldn’t be an option for her crimes.

3. Robert Durst – $3 Billion

Robert Durst is famous for his charge and acquittal of the murder of his neighbor, Morris Black in 2003. Even after being acquitted of the murder, Durst was still held in custody for skipping bail and later had his bail increased because of charges involving tampered evidence.

4. Christopher Williams – $100 Million

In 2010, Williams was charged with carjacking, aggravated robbery, attempted second-degree murder, and using a firearm to commit a felony. The judge’s decision to set the bond so high was because Williams presented a direct threat to his surrounding community.

5. Bernie Madoff – $10 Million

In 2008, Madoff was accused of operating a Ponzi scheme. The scheme defrauded thousands of investors out of nearly $50 billion dollars. His bail was posted, but shortly after, the judge in the cased revoked the bail under the suspicion that Madoff was a flight risk. His flight risk status was based on his age and wealth.

6. Marion “Suge” Knight: – $25 Million

Death Row Records co-founder Suge Knight had a $25 million bail set for his 2015 murder charges. This bail has been highly debated by either side of the case. Knight’s lawyers claim the bail is too high and is based on his social status. While the serving California DA believes $25 million was not high enough.

7. Ken Lay – $500,000

While this isn’t the biggest bail amount on our list, it’s one that holds some importance within the business community. Ken Lay was the former CEO of Enron and was found to be at the center of one of the largest accounting frauds ever. Due to his fraudulent activity, thousands of employees lost their jobs and investors in his company lost billions!

Local Bail Bonds

At Big Bubba’s Bail Bonds in Texas, there is no bail amount too high or a case we won’t try to handle. If you’ve been arrested in Fort Worth or its surrounding Tarrant County cities, one of our 24/7 locations has its doors open and is ready to help. Contact us today to get the bail process started so you aren’t stuck in a cell until your court hearing.

To learn more, take a quick look at the history of bail bonds.