Archive for Wednesday, February 16, 2005
Bad Boys Bail Bonds Indicted
One of the state’s largest bail-bond companies has been indicted on 42 felony charges as part of a major statewide investigation of alleged corruption in the industry, the Los Angeles County district attorney’s office said Tuesday.
The charges handed down in November by the Los Angeles County Grand Jury against San Jose-based Bad Boys Bail Bonds include perjury, forgery and offering false evidence.
The Department of Insurance, the district attorney’s office and other prosecutors in California alleged earlier last year that some bonding companies had been jeopardizing public safety for profits in California, enabling hundreds of criminal defendants to flee.
Court records indicated that some serious offenders have been granted bail bonds without sufficient collateral. Suspects who became fugitives included defendants charged with attempted murder, assault, burglary, drug trafficking and other serious offenses.
Defendants pay bondsmen a percentage of the bail. The bondsman then guarantees the full bail will be paid if the suspect fails to show up in court. Bondsmen’s insurers are liable for the full bail if a defendant flees.
Prosecutors say some insurers have failed to pay, either because of insolvency or because they have found ways to delay payment.
Bad Boys Bail Bonds did not respond Tuesday to a request for comment on the indictments.
The indictments charge that Bad Boys committed perjury on multiple occasions by declaring falsely that it had carefully checked the background, records and whereabouts of people to whom it provided bail.
Bad Boys repeatedly presented material at legal proceedings that was “known to have been forged, fraudulently altered and antedated,” but was offered as true, the indictments said.
The alleged offenses listed in the indictment purportedly occurred in 2002, 2003 and 2004.
- World reaction to Obama victory: Elation
- Gay rights backers file 3 lawsuits challenging Prop. 8
- California results
- Tensions between McCain and Palin camps come to light
- Michael Crichton dies at 66; bestselling author of 'Jurassic Park' and other thrillers
- Obama's victory: Newspaper covers from around the world
- Schwarzenegger calls for sales tax hike, cuts in services
- Obama and the world
- Ari Emanuel's brother has clout too
- Prop. 8 protesters target Mormon temple in Westwood
- Obama and the world
- Lakers' Lamar Odom sets his mind to new role off the bench
- Sarah Palin returns to a chillier Alaska
- Power struggle may open rift among House Democrats
- Craigslist changes rules to deter illicit sex ads
- Retailers post worst October sales figures since at least 1971
- Berlusconi greets Obama's win with 'humor'; Ahmadinejad has advice
- 'Madagascar: Escape 2 Africa'
- Obama faces a difficult choice for Treasury secretary
- A state sales tax jump could backfire
