BY |
White-collar crimes refer to offenses committed through deceit instead of violence and motivated by financial gain. They include criminal activities like bribery, forgery, identity theft, and welfare fraud. Judges and prosecutors treat white-collar crime bail differently from other crimes based on numerous factors, including the seriousness of the crime, whether you are a threat to the community, and whether you can flee the jurisdiction. Judges can set huge bail amounts depending on the amount of money involved. In this blog, you will learn how a corporate crime bail bonds company can assist you and how to navigate the complicated financial crime bail process.
Defining White-Collar Crimes
White-collar crimes are non-violent crimes characterized by concealment or deceit to acquire property or money or to gain business or personal advantage. These crimes entail the span of financially motivated offenses committed by qualified office workers or individuals in management. Typically, the defendants are affluent and educated.
Common white-collar crimes include the following:
- Bribery
- Forgery
- Money laundering
- Extortion
- Perjury
- Insurance fraud
- Homeowner association fraud
- Identity theft
- Welfare fraud
- Telemarketing fraud
- Credit card fraud
The penalties and consequences of white-collar offenses vary depending on the alleged crime. When sentencing you, the judge will consider the case facts and the harm you have caused the victim. In California, these crimes can be either wobbler, misdemeanors, or felonies. Nevertheless, the penalties and consequences can include serving time, fines, probation, forfeiture of property, and victim restitution.
You will face more stringent penalties if charged with a federal crime. Whether you face federal or state criminal charges, a conviction carries severe penalties for your business, career, livelihood, and future. Therefore, you need the assistance of a defense lawyer and a white-collar crime bail bonds company.
Insights into White-collar Crime Bail and Bail Bonds
Bail is a financial guarantee that you will attend your scheduled court hearings after your release from police custody. After the police arrest you, you will undergo the booking process before attending your arraignment hearing, where the judge determines whether to grant a pre-trial release request and under what terms.
When setting your white-collar crime bail amount, the judge will consider numerous factors, including the following:
- Your criminal history — A prior criminal conviction or a history of skipping bail will result in higher bail.
- Seriousness of your offense — More severe crimes attract higher bail amounts.
- Additionally, the judge will consider whether releasing you will pose a threat to yourself, the victim(s), or the community.
- The likelihood of attending court
- Community ties — Strong community ties, like having a family, business, or employment in the community, can lead to lower bail amounts.
You can post bail in any of these options:
- Surety bond
- Property bond
- Cash bail
Every option has advantages and disadvantages; understanding them can assist you in making wise decisions when navigating the complicated financial crime bail process.
Since judges can set huge bail amounts, most defendants use corporate crime bail bonds firms. The bondsman will pay a surety bond to the court for you. The bondsman acts as a surety, guaranteeing your future court appearances. In exchange, you will pay the bondsman a fee of ten percent of the required bail amount. The premium is non-refundable.
Exploring Affordable Repayment Plans for Corporate Crime Bail Bonds
Being arrested can be stressful; most people cannot afford to post the required amount upfront. Luckily, these individuals can partner with white-collar crime bail bonds service providers. Bondsmen make the process more affordable by incorporating bail bond repayment plans as a bail financing method. The plans permit defendants to pay the premium over a given duration instead of making one huge deposit.
The down payment indicates your commitment to fulfilling the remaining balance after your release. You can pay it using any method your bondsman accepts, including cash, check, or credit card. Your repayment plan may include additional costs, such as administrative fees, as detailed in the contract. Therefore, you should read the agreement carefully and understand your responsibilities before signing it.
Here is the financial crime bail process involved when securing your repayment plan:
- Contacting your bondsman
- The bondsman will analyze your financial situation and status to develop the best payment plan structure.
- Next, your bondsman will draft a bail bonds application and contract, which you should sign. You should also make your initial payment before your corporate crime bail bonds company pays the full bail amount to the court, allowing your release.
- You should continue making routine payments as agreed upon until you settle the outstanding balance.
Factors that affect your eligibility for a flexible payment plan are as follows:
- The duration you have remained detained
- Your employment status
- Credit score
- Your ability to pay
- The alleged criminal activity
- Availability of cosigners
- Whether you are a California resident
If you have a cosigner, your corporate crime bail bonds will consider factors like their credit score, employment, the property they possess, and their ability to pay to determine whether they can cosign for you.
When entering the repayment plan agreement, your white-collar crime bail bonds service provider might request collateral. Common items bondsmen accept as collateral include the following:
- Personal assets like collectibles, expensive jewelry, and electronics
- Cars
- Real property
- Brokerage accounts
- Credit cards
Expediting Your Financial Crime Bail Process for Prompt Release
Although the financial crime bail process can be complicated, you can speed up your release by taking the following proactive steps:
Have the Relevant Paperwork and Information Ready
Your white-collar crime bail bonds service provider will post your bail, provided you provide accurate documentation and details. To accelerate the release process, you should give the bondsman the following information early:
- Your name
- Your booking number
- Name of the detention facility
- The set bail amount
- The alleged crime
Make Collateral and Payment Arrangements
After reading your corporate crime bail bonds contract’s terms, you should pay the agreed premium through your bondsman’s approved payment methods. If you are using a repayment plan, pay your down payment and verify the subsequent payment schedule.
You should also provide the requested collateral. It can involve providing documentation for the collateral, including vehicle registrations and title deeds.
Ensure You Understand All Fees Related to the Financial Crime Bail Process
While most bondsmen charge a 10% premium, others could charge a lower fee under specific conditions or as a promotional offer. Others could also charge additional fees, like processing and administrative expenses, that increase the overall financial responsibility. You can avoid delays caused by hidden charges by requesting a breakdown of your premium and the related fees.
Contact a Skilled White Collar Crimes Bondsman Near Me
Legal and financial professionals generally commit white-collar crimes for monetary gain. While these crimes are non-violent, judges take them seriously due to the massive sum of money involved and set high bail amounts and strict release conditions. To manage this huge cost, consider partnering with a corporate crime bail bonds company to post the required bail amount with the court in exchange for a 10% premium.
The friendly California bail bondsmen at 24 Hours Bail Bonds are committed to securing your prompt release and can aid you in navigating the complicated financial crime bail process. We can also work with you to determine whether you qualify for a flexible repayment plan that makes white-collar crime bail bonds affordable and manageable. Please contact our office at 800-930-8999 at any time of the day to learn how we can help you.