Ponzi Schemes and California Law

Ponzi Schemes and California Law

Ponzi schemes aren’t legal in California. The state considers these financial cons a type of financial fraud. California’s judicial system is currently set up in such a way that it helps protect whistleblowers and consumers from getting caught up in the legal drama that always surrounds Ponzi schemes.

Understanding the Difference Between Ponzi Schemes and Pyramid Schemes

Many people mistakenly assume that Ponzi schemes and pyramid schemes are the same things. While there are quite a few similarities, there are also a few key differences.

Ponzi schemes are usually handled by a single person. That individual convinces investors to take part in something, usually a promised investment, that never comes to fruition. Investors are convinced that they can’t possibly lose money and will make a huge return on their investment. It usually takes a great deal of time for the investors to realize that the person who is “managing their portfolio” is actually running a con and is keeping their money.

The Bernard Madoff debacle is a perfect example of a Ponzi scheme. Madoff created the Bernard L. Madoff Investment Securities LLC and was able to convince several people he was the real deal. His pitch was so good, he amassed close to 5,000 investors. It’s believed that his take was close to $65 billion. 

A pyramid scheme is more elaborate and involves more people, some of which don’t realize that they’re committing a crime. With a pyramid scheme, a single person not only recruits investors but also recruits people who gather even more investors. The original person is the very top of the pyramid in this particular scheme. Most pyramid schemes involve a type of product that does actually exist. 

Business in Motion is an example of an illegal pyramid scheme. The program revolved around the sale of economical vacation plans. Each person who bought into the program invested $3,200. If the person was able to sell additional vacation packages to friends and family, they’d earn a $5,000 commission.  

Approximately 2,000 people bought into the pyramid scheme. In 2008, they launched a class-action lawsuit against the program’s creator. A judge agreed that the program was a pyramid scheme and awarded the investors a $6.5 million ruling.

The Legal Ramifications of Running a Ponzi Scheme

Ponzi schemes are prohibited in California. The laws that address Ponzi schemes are found in the California Penal Code Section 319. The creators of Ponzi schemes in California can be charged with:

• Laundering money
• Business fraud
• Mail fraud
• Securities fraud
• Tax fraud
• Wire fraud
• Theft

 
Charles Ponzi is considered the father of the Ponzi scheme. Ponzi was eventually convicted of mail fraud and spent 14 years in prison

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Is the Bail Bonds Process Changing

Is the Bail Bonds Process Changing

The bail bonds program is interesting. It was created for the purpose of allowing individuals who have been charged with a crime to carry on with their lives while they wait for their case to make its way through the legal system. The idea of the bail bonds program is that it creates a financial incentive for you to make all your mandatory court appearances. If you appear before a judge, you get the bail back. If you fail to appear, the court keeps the money.

It’s an eloquent system. The process enables you to work, to care for your family, and to easily mount a defense. It also saves the taxpayers a substantial amount of money since they aren’t responsible for keeping you fed, healthy, and housed while you wait for your day in court. If you’re unable to cover the cost of your bail, Cal Bail Bonds in Los Angeles is ready and willing to help out.

The benefits of working with Cal Bail Bonds in Los Angeles include:

• 24/7 Bail bond service
• A lack of hidden fees
• 20% Discount
• Over the Phone approvals
• 0% Interest payment plans
• No collateral with a working signer
• Se Habla Español

 
The bail bond process has been in place for a long time and has always worked well but it could change.

California voters have the option of changing how the state’s cash bail system functions. In 2018, Governor Jerry Brown passed a bill, Senate Bill 10, that did away with the current cash bail program and replacing with a risk assessment program that would be used to determine if an individual should be released from jail prior to their trial. The idea was that the changes made it easier for low-income prisoners who lacked the funds and connections needed to bail themselves out to be released.

If California residents pass Senate Bill 10 during the November 2020 election, it would do away with the current trend of judges simply looking at the charges filed against a person when setting a bail amount. Instead, the type of charges, the individual’s ties to the community, and their background would also be taken into consideration during the bail hearing.

If voters pass Senate Bill 10, it will be interesting to see if other states explore the possibility of passing similar legislation.

If you or someone you love has been charged with a crime and you lack the means needed to cover the bail yourself, your best course of action is contacting Cal Bail Bonds in Los Angeles. We’re ready and willing to help you out.

When you contact us, you’ll work with an experienced bail bond agent who will explore the conditions of your bail and discuss a plan to get you released from jail. The initial consultation is free and completely free of any obligation.

There are two ways to contact Cal Bail Bonds in Los Angeles. You can click the Chat With Us link or call 877-793-2254.

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Do You Require Bail Bond?

Do You Require Bail Bond?

Getting arrested for any reason is a life-altering event. Not only do you face public ridicule, but you also must figure out how you’re going to launch your defense, how you’re going to provide for your family, and how to deal with the aftermath of the arrest. The entire situation is stressful, time consuming, and costly.

First Things First

One of your first priorities is getting yourself released from jail. Despite how things are portrayed on television, the legal process moves at an incredibly slow rate. If your case goes to trial, it could take as long as a year before the matter is resolved. You do not want to spend that time sitting in a jail cell. Getting released allows you to continue working, to easily meet with lawyers, and lets you maintain control of your life until the legal matter is resolved.

Getting out of Jail-Understanding Bail Bond

The court system uses bail as a means of encouraging individuals who have been charged with a crime to stay involved in the court process and make all their court appearances. If you do as your supposed to and appear before a judge at the appointed times, the court system returns the bail. If you do not, the court keeps it. When determining how much your bail will be, the judge considers the charges filed against you, your community ties, and your criminal history.

In most cases, the judge determines the amount of your bail, but some crimes have a predetermined bail schedule. In Los Angeles, anyone charged with sexual assault receives a minimum of $25,000 bail. Manslaughter cases involve a $1,000,000 bail.

The Role of a Bail Bonds Company

Once a judge has determined how much bail is required for you to leave jail and resume your life, it’s up to you to figure out how to fund your freedom. In cases where the bail is low, you may have enough money in the bank to cover the cost. Or you may have a family member who is willing to loan you the money. If you cannot come up with the funds yourself, you contact Cal Bail Bonds in Los Angeles and we’ll help you out.

When you contact us about putting up your bail, we run a risk assessment on you and determine if our underwriters will allow us to cover your bail. Factors we consider include:

• Your professional and personal connection to the community
• Your financial situation
• The charges filed against you
• The amount required

 
If we believe you’re not a flight risk and that you’ll appear for all of the court dates we work with the court to get you released from your jail cell and back with your family.

In many cases, we do require that you find someone who is willing to co-sign for your bail bond. The reason for this is to lower our risk. 

Once you’re freed from jail, it’s important that you are diligent about making every single official court appearance, that you stay in communication with both us and the court, and that you don’t do anything else that attracts negative attention from the police.

The sooner you contact us, the sooner we can help you return to your regular life.

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What Would You Do If a Loved One Was Arrested?

What Would You Do If a Loved One Was Arrested?

Everyone has a group of people in their life that they deeply care about and they claim they would do anything for these people. Does that include bailing them out of jail? This is something most people don’t think about. They don’t plan on any of their loved ones ever getting arrested, which can lead to them facing the decision to post bail or not. With bail costing several thousands of dollars on average, this is a tough decision to make.

Most people don’t have a lot of money just sitting around that they can spend on bail. Add on the fact that bail isn’t cheap, and you can see where people start to have problems. The thing is, you don’t have to face bail alone. You can talk to the professionals here at Cal Bail Bonds in Los Angeles about getting an affordable bail bond.

Here at Cal Bail Bonds in Los Angeles, we do everything that we can to make it so our clients can afford to rescue their loved ones from jail. To start with, our bail bonds only cost 10% of the bail that they are for. This means that you can save 90% just by coming to us for help. In addition, we also provide the following for our clients:

• 24/7 Bail bond service
• 20% Discount
• Phone approvals
• 0% Interest payment plans
• No hidden fees
• No collateral with working signer
• Se habla Español

 
We know how expensive and intimidating the prospect of bail can be, which is why we try to simplify it for our clients. Our bail agents will do all of the hard work for you and answer all of your questions. We will also provide you with a personalized payment plan that comes with 0% interest on it. This way you can take your time paying for your loved one’s bail while still getting them out of jail right away.

If you care about a person, and they end up getting arrested, you should help them out. Posting bail can be expensive, but it allows your loved one to be free during their trial. It allows them to have a semi-normal life. That is worth the cost, and besides, with Cal Bail Bonds in Los Angeles helping you, it will be more affordable than you think.

You can talk to a bail agent for free by calling 877-793-2254 or clicking Chat With Us now.

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Don’t Be Scared By Bail

Don’t Be Scared By Bail

The thought of bailing someone out of jail intimidates some people so much, that they do not even try to bail out their loved one. This forces their friend or family member to stay in jail when they do not need to. Do not do this to your loved one. You can afford to get him or her bailed out of jail today.

Bailing someone out of jail is a lot easier than most people realize. All you need to do is contact one of the bail agents working at Cal Bail Bonds in Los Angeles. They will do all of the hard work for you and help you rescue your loved one from jail. All our agents need to get started is your loved one’s name, birthday, and county of arrest. Once our agents have that information, they can locate your loved one in the county jail system and begin filling out the paperwork for the bail bond.

Aside from filling out the paperwork and dealing with the jail for you, our agents will also help you get the bail bond at an affordable price. You will get a customized payment plan that is built to work with your unique budget. This way, the monthly payments will actually be affordable to you.

Do not let the thought of trying to bail someone out of jail intimidate you. Bailing someone out of jail is easy, provided you have the right help. At Cal Bail Bonds in Los Angeles, we work hard for our clients. We will do whatever it takes to help them rescue their loved ones from jail.

You can talk to an agent at any time by calling 877-793-2254 or by clicking Chat With Us now.

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Who Can Be a Co-Signer?

Who Can Be a Co-Signer?

When someone that you care about is in trouble, you aren’t worried about how you are related to them. All you care about is helping that person. This is definitely the case when it comes to bail. You just want to help someone out, and when it comes to bail, that is all that matters.

Some people mistakenly believe that you have to be related to someone to post their bail. However, that is not the case. The only requirements for bailing someone out of jail are being California residents and knowing enough about the person to fill out the paperwork. Primarily, this means knowing the person’s name, date of birth, and the county where he or she was arrested.

When a person agrees to help bail someone out of jail and signs the contract for the bail bond, they become a co-signer. They become responsible for making sure payments are made on time and that their loved one behaves while out on bail. There can be multiple co-signers on a bail bond, which can help make things easier for each signer. Having multiple signers is good because if one qualifies for a discount, they earn it for everyone.

The best co-signers are the ones who are financially stable. They have steady, well-paying jobs and have had them for a while. Co-signers like this will get better deals than other signers, however, this does not mean that you have to have a perfect financial history to be a co-signer for a bail bond. Anyone can be a co-signer.

Here at Cal Bail Bonds in Los Angeles, we understand how important it is for you to rescue your friend or family member from jail. We don’t care if you are related to the person or not. If you want to bail them out of jail, we will help you. Some of the benefits that we provide for our clients include:

• 24/7 Bail bond service
• 20% Discount
• Phone approvals
• 0% Interest payment plans
• No hidden fees
• No collateral with a working signer

• Se habla Español

 

For a free consultation at any time, just call 877-793-2254 or click Chat With Us now.

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What Happens If a Person Misses a Bail Payment?

What Happens If a Person Misses a Bail Payment?

Most people have a lot of questions and concerns when it comes to dealing with bail. This is largely because most people don’t know a whole lot about bail in the first place. After all, they never expected to need bail. Still, that doesn’t mean that someone they know will never get arrested. In California alone, thousands of people are arrested every single day.

One of the big concerns that people have when dealing with bail, is what happens when they miss a payment or miss a court date? Everyone understands that missing either one of those would not be good, but they aren’t sure exactly how bad it is. Does it lead to harsh consequences, or does the person just receive a slap on the wrist?

There Is a Contract

When a person posts bail with a bail bond, they sign an agreement with the bail agent. By signing the contract, the person is promising to go to all of their court dates. They are also agreeing to pay off the money they owe for the bail bond. Breaking a contract does have repercussions.

Just like with any other contract, once a person has signed it, they are expected to keep to their word. This means that there can be very harsh consequences if a person misses a payment or a court date. However, before anyone starts to panic, things aren’t always horrible if a person truly misses a payment or court date.

Was It an Accident?

The consequences of missing either a payment or a court date are largely dependent on why they were missed. For instance, at Cal Bail Bonds in Los Angeles, if it was a genuine accident that led to something being missed, and the client responsibly contacts their bail agent as soon as they realize the mistake, then things don’t have to be so severe.

At Cal Bail Bonds in Los Angeles, we understand that life is messy and things that were once certain can become uncertain very quickly. Maybe something happened that made the once manageable payments difficult. When it comes to missed payments, we can work with clients to re-evaluate their payment plan.

If a person missed their court date because they were held up in traffic, or they forgot, they need to talk to their bail agent right away. When someone misses their court date, the court can consider the bail forfeit and the bail agent will begin trying to get into touch with the person. As long as the agent can get in touch with the person, they can help them set up a new court date.

Both of these outcomes are only available if the person talks with their bail agent immediately.

The Person Ran

If the person purposefully missed a payment or court date because they are running, then things will proceed differently. First, whenever something is missed, the bail agent will immediately begin trying to talk to their client. This includes trying all known phone numbers for the person, as well as contacting friends and family members to try and get the person’s whereabouts.

If agents cannot get ahold of the person, then the worst will be assumed and investigators will be called in to begin searching for the person. The investigators sometimes referred to as bounty hunters, will track down the person and bring them into the proper authorities to be arrested. The chances of them being granted bail again will be a whole lot slimmer.

The expenses for tracking the person down will be charged to whoever ran. If they cannot pay it, then whoever signed for the bail bond will have to pay for those expenses.

Sometimes Things Happen

Missing a payment or a court date while out on bail can be a very big deal. The immediate thought is that the person ran away, however that isn’t always the case. More often than not it was a mistake or accident and the person is still trying to follow the rules.

If that is the case, Cal Bail Bonds in Los Angeles is more than willing to work with our clients. We know that sometimes things happen. As long as our clients talk with us, we will help them deal with their bail.

If people try to run from the court while out on bail, they can expect to be tracked down. Someone will find them and bring them back into custody. Running just delays the inevitable and makes the whole situation worse. Sooner or later, everyone gets caught and has to face what they did.

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What Can Cal Bail Bonds in Los Angeles Do For You?

What Can Cal Bail Bonds in Los Angeles Do For You?

Everyone has those people in their life that they would do anything for. If one of these people needs help moving, or just someone to vent to, you will be there. They know this, and that is why they called you to ask for help getting out of jail. You’ve never dealt with bail before, but you aren’t about to let that stop you.

Luckily for you, Cal Bail Bonds in Los Angeles is here to help. We are a statewide bail bonds company that has helped Californians deal with bail for over 30 years. We are always there for our clients no matter the time or place. We have offices located all over the state. In the areas where we don’t have offices, we have roaming agents who can lend a hand.

Whenever a client needs help, we will be there for them. We have bail agents available to talk and answer questions all day, every day. They provide free consultations 24/7 and will gladly walk all of their clients through each step of the bail process.

On top of simply being there for our clients, we provide them with an affordable option for rescuing their loved one from jail. All of our bail bonds only cost 10% of the bail that they are for. This means that our clients earn themselves a 90% discount on the cost of bailing someone out of jail just by coming to us for help.

Some of the other benefits we provide for our clients include:

• 20% Discount
• Phone approvals
• 0% Interest payment plans
• No hidden fees
• No collateral with working signer
• Se habla Español

 
Just like you are always there for your loved ones, Cal Bail Bonds in Los Angeles is always there for our clients. If you come to us for help, you can count on getting some of the best help available in the state. Our agents will take care of you and help you get through this. All you have to do is talk to one of them.

Call 877-793-2254 or click Chat With Us now for a free consultation at any time.

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How Does a Bail Bond Work?

How Does a Bail Bond Work?

Bail is a topic that many people know off but aren’t very familiar with it. When it comes to bail, most people only know what they’ve seen on TV. They know that if they pay a set amount of money they can get their loved one out, but they don’t know exactly why or how much. This makes it so that when a loved one gets arrested, people don’t know how to help. Luckily, Cal Bail Bonds in Los Angeles is here to help.

For starters, the price of the bail is determined by the case judge. Only he or she can alter the bail price. The amount of the bail is determined based on the crime the person is accused of, their criminal record, and the likelihood of the person running if released. Once that is determined, a bail agent is required by state law to charge 10% of that price for a bail bond.

When you talk to a bail agent at Cal Bail Bonds in Los Angeles, our bail agents will walk you through the paperwork and answer your questions. Our bonds only cost 10% of the bail they are for, which means a bail bond for a $20,000 bail will only cost $2,000. In addition to this, we provide all of our clients with personalized payment plans that divide up the cost of the bail bond over several months to make it more affordable.

Once all of the paperwork is filled out and signed, and the first payment is received, we will send one of our bail agents to the jail. Our agent will secure your loved one’s release from jail. Depending on the size of the jail, this can take anywhere from a few hours to a day.

Some of the other services that we provide for our clients here at Cal Bail Bonds in Los Angeles include:

• 24/7 Bail bond service
• 20% Discount
• Phone approvals
• 0% Interest payment plans
• No hidden fees
• No collateral with working signer
• Se habla Español

 
Bail may be a new experience for you, but you can count on the agents here at Cal Bail Bonds in Los Angeles. We have been dealing with bail for over 30 years. We know everything about the subject and are more than willing to share that knowledge with you.

For a free consultation at any time, call 877-793-2254 or click Chat With Us now.

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How Fast Can Someone Be Out of Jail?

How Fast Can Someone Be Out of Jail?

People have a lot of questions about bailing someone out of jail. One of the most common ones is how long does it take for someone to be released. After all, nobody wants someone that they care about to sit in a jail cell for any length of time. If you want someone out of jail quickly, then you need to contact Cal Bail Bonds in Los Angeles.

Here at Cal Bail Bonds in Los Angeles, we understand how important it is for our clients to post bail quickly. The faster we can get through all of the paperwork, the faster their loved one is released from jail. This is why our bail agents are available 24 hours a day, 7 days a week. They will always be ready to help you, and once they start, they will not rest until your loved one is released.

In order to get started, our bail agents need some information about your loved one. The more information you can give, the faster the paperwork can be filled out. However, all we need to get started is your loved one’s name, birthday, and county of arrest. With that information, we can locate your loved one in the county jail system and gather the rest of the needed information.

After that, we will work with you on figuring out payment plans. We will create a plan that works for you and your budget. Once that is figured out, and the initial payment is received, we will send an agent to the jail to secure your loved one’s release. Depending on the size of the jail and how busy it is, the release can take anywhere from 2 hours to a day to be processed.

At Cal Bail Bonds in Los Angeles, we know that you want to get your loved one out of jail as quickly as possible. Our agents will start helping you right away and will not rest until your loved one has been released. You can count on us to work quickly, be by your side the entire time, and for all of the following:

• 24/7 Bail bond service
• 20% Discount
• Phone approvals
• 0% Interest payment plans
• No hidden fees
• No collateral with working signer
• Se habla Español

 

For a free consultation day or night, just call 877-793-2254 or click Chat With Us now.

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