Bail bonds are one of the most helpful things when you or a loved one needs to be released from jail. It ensures that you can go about your daily life and continue doing what you normally do. While they can be an expensive thing, there are people all over the world who have had to pay extremely high bail bonds in order to be released from jail. Below are five of the most expensive bail bonds in the world.
Bernard Ebbers was a CEO of WorldCom and had his bail set to $10 million. The reason that he was arrested was that, in 2005, WorldCom covered up the fact that the company inflated their assets. How much inflation do you ask? $11 billion worth. Ebbers was charged with fraud, filing a false statement, and securities fraud.
One of the most expensive bail bonds in the world is the Bernie Madoff bail bond. Madoff was charged for being involved in $50 million ponzi scheme. His bail was set at $10 million, but he couldn’t find anyone to co-sign the bail bond, not even his own sons.
Shirley Ji, the wife of Kening Ma (who is also on our list), was involved in her husband’s ATV scandal as his business partner. Because of this, Ji was arrested and her bail was set at $75 million.
Ma was from southern California and sold all-terrain vehicles. While this might not seem bad, the problem was that he sold these vehicles without a smog certificate. This is a big no-no and landed him in jail. His bail was set at $100 million, with him and his wife’s bail equaling to $175 million altogether.
Coming up at number one as the most expensive bails bonds in the world is Michael Milken. Milken was an American businessman who in 1989 was indicted in a big case against Wall Street. His bail was set at a whopping $250 million and he was charged with racketeering and securities fraud.