Fraud is a type of white-collar crime that involves deception, misrepresentation, and/or dishonesty. It can be committed by individuals, businesses, or entire organizations. Fraud charges can be serious and carry significant penalties, including hefty fines and imprisonment. If you or someone you know has been arrested for fraud, it is important to understand the bail process and the role of bail bonds in securing your release from jail.
Fraud occurs when a person knowingly makes a false statement, conceals information, or engages in deceptive practices to obtain something of value, such as money or property from another person.
There are many forms fraud can take, different types of fraud crimes include, securities fraud, mortgage fraud, healthcare fraud, insurance fraud, and tax fraud. Examples of fraudulent activities include forging signatures, misrepresenting facts on financial statements, and creating false identities to obtain credit or loans.
The severity of fraud charges depends on the nature of the crime, the amount of money involved, and the level of harm caused to the victim. Due to the serious nature of fraud charges, it is important to seek the assistance of a qualified lawyer with experience in defending individuals charged with fraud.
Working with a Law Firm
If you have been charged with fraud, it is important to work with an experienced law firm that specializes in criminal defense for fraud cases. A knowledgeable attorney can help you understand the charges against you and your legal options.
Bail Amounts for Fraud Charges
Like other criminal cases, the amount at which the Judge ends up setting bail varies depending on the severity of the crime, the defendant’s criminal history, and other factors. Bail amounts for fraud charges can range from a few thousand dollars to several hundred thousand dollars. In some cases, bail may be denied if the defendant is considered a flight risk or a danger to the community.
Bonding Companies and Bail Bonds
If a total bail amount has been set for your case, you can work with a bonding company to secure your release. Bail bonds are agreements between the defendant, the bail bondsman, and the court that the defendant will appear in court for all scheduled appearances. A local, reputable bail bond agent will charge a non-refundable fee that is equal to 10% of the total bail amount. Once this amount has been paid to the bail bondman, they will immediately work to get you released from jail.
Most bonding companies offer bail bonds 24-hours a day, which means they are available to post bond on your behalf at any time of the day or night. This can be particularly helpful if you are arrested outside of normal business hours and need to secure your release quickly.
Real Estate and Payment Plans
Bail for fraud can be extremely expensive. In some cases, the bonding company may require additional collateral, such as real estate or other assets, to secure a bond. If you are unable to provide collateral, some bonding companies may offer payment plans to help you cover the cost of the bond. It is important to understand the terms of the payment plan before agreeing to it, as failure to make payments could result in the revocation of your bond and your return to jail.
If you have a total bail amount set, you can use our online bail for fraud bond calculator to determine the fee you’ll need to pay a bail bond agent to post bond on your behalf.