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🗓️ 6 May 2024
⏱️ 18 minutes
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0:00.0 | So people come into my office and let's say it's 8 o'clock in the morning and |
0:06.4 | last night their son got arrested for possession of a weapon. They're frantic. |
0:15.0 | The police department isn't giving them information. |
0:18.0 | The court system's not giving them information. |
0:20.2 | So they want to know what's going on. |
0:22.0 | They always want to know what the charge is. They want to know what's going on. They always want to know what the charge is. |
0:23.8 | They want to know where they were arrested, |
0:25.4 | and then they want to know how they get them out. |
0:29.5 | When I get the person released, my fee is then made. |
0:33.6 | That is Stephen Zalewski. |
0:36.0 | He's a criminal defense attorney in New York, but he also has another job. |
0:41.2 | I am one of the owners of Affordable Bales New York. |
0:44.0 | Affordable Bales is one of around 25,000 bail bond companies in the United States. |
0:50.0 | These businesses are usually across the street from a courthouse, illuminated by neon signs. |
0:57.0 | And for those accused of crimes, they offer a way to get out of jail while awaiting trial. |
1:02.0 | More than 2 million Americans use their services. jail while awaiting trial. |
1:02.8 | More than 2 million Americans use their services each year to post around $15 billion worth |
1:08.2 | of bail. |
1:10.0 | Bail bonds are a controversial business. |
1:13.2 | They're often portrayed as CD establishments with briefcases full of cash and bounty hunters |
1:18.4 | who kick down doors. |
1:20.7 | And some of that is true. but the economics of the industry are often misunderstood. |
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