Based on the crime that was committed, bail bonds can be pretty expensive. While this is true, typically people are only paying thousands of dollars for their bails bonds. There are some cases where bail bonds have been set at over a million dollars. Who has had to pay that much in bail? Below are people who have the most expensive bail bonds.
One of the most expensive bail bonds every is Michael Milken, a former businessman who was convicted of racketeering and securities fraud. When he was arrested, his bail was set at $250 million. He was sentenced to ten years in prison but ended up only serving two years.
A British billionaire, Julius Meinl was arrested with his bail bond set at $133 million. The reason for his arrest is that he was suspected of secret share buybacks.
In 2009, the billionaire hedge fund manager, Raj Rajaratnam, was arrested for insider trading. When he was arrested his bail bond was set at $100 million.
Kening Ma sold people all-terrain vehicles, which would be fine if he had a smog certificate. Because he didn’t have a smog certificate, he was arrested and his bail was set at $100 million. Kening Ma’s wife, Shirley Ji, was also arrested. Her bail was also set at a very high amount–$75 million.