My understanding was that an insurance company underwrites the risk of the bail bond for a fee (very much like car or home insurance). In this case, it is also my understanding that the insurance compay when assessing that risk found that the collateral proposed by FD would not cover the risk and therefore the insurance company were unwilling to underwrite the bond. The bond company had no option but to revoke the bond. It is also my understanding that by revoking the bond, the bond is null and void - and the court would want a replacement bond. If the bond is null and void, I would imagine that AC would recover the majority of the fees that she paid out and would not be obliged to make further payments. IMO, this is why AC hired NP (for contract litigation).
just guessing... supposedly owner of Palmetto Surety now lives in Florida. Maybe company funds are also housed there.why does this say The State of Florida vs Fotis Dulos?
you would think so. I think that the court doesn't worry about whether the bond is underwritten or whether the collateral is adequate, because the Bond Company is on the hook if the defendant absconds.Thankfully, never worked with a bond agent, but it would seem to me that the charged individual would remain in custody until the bond has been verified. Especially given the large amount of the bond.
My understanding was that an insurance company underwrites the risk of the bail bond for a fee (very much like car or home insurance). In this case, it is also my understanding that the insurance compay when assessing that risk found that the collateral proposed by FD would not cover the risk and therefore the insurance company were unwilling to underwrite the bond. The bond company had no option but to revoke the bond. It is also my understanding that by revoking the bond, the bond is null and void - and the court would want a replacement bond. If the bond is null and void, I would imagine that AC would recover the majority of the fees that she paid out and would not be obliged to make further payments. IMO, this is why AC hired NP (for contract litigation).
Its just bizarre. The form is clearly wrong, I think the drafter of the document just doesn't know their geographyjust guessing... supposedly owner of Palmetto Surety now lives in Florida. Maybe company funds are also housed there.
The state of Fl. was also mentioned in the whistleblower letter from Ms. Casey to Ct. Insurance regulators.
The reason is because the bond had not been revoked by the court and as far as the court was concerned, the bond was still in effect. This was the hearing that FD was supposed to be at last Tuesday.yes my point is once the bond was determined to be null and void.why didn’t fd get picked up by the state police and brought directly to the hearing? He would be considered un bonded and a flight risk at that point. Instead Of fleeing he commuted Suicide close to two of the same in mo. Either way he is no longer facing Justice and that is what the bond is for,
Looking at the suicide note tonight, I noticed the 8 in 1/28 seemed a little off- Anyone think there's a possibility that the 1/28/20 date on the note could have originally been 1/20/20? Was anything happening on or around 1/20 that would cause him to write the letter.. possibly waiving the probable cause hearing??
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why does this say The State of Florida vs Fotis Dulos?
Interesting. It is too small to read though.why does this say The State of Florida vs Fotis Dulos?
try Marissa Alter's FB. They were on there yesterday.One last question - does anyone have the page where the properties are listed for collateral ? I haven't found it yet, but it must be floating around somewhere.
I make my 8s like that a lot. Just depends on how fast I am writing. How does the bottom pair up with the 0 in 20?looking at the zero in 20 of 2020, I agree, the top part of the 28 was added....so just when was this note written? The 28th or the 20th?
So many ‘fishy’ things going on and happening with this case.
I have been suspicious of this ‘suicide’ note from the beginning. I do not trust NP and his possible story at all. I want to hear from LE and Prosecution when gag order is lifted.
Yes, but in this case the State of Ct. was really on the hook, not the bond co. This is why the whistleblower reported them.you would think so. I think that the court doesn't worry about whether the bond is underwritten or whether the collateral is adequate, because the Bond Company is on the hook if the defendant absconds.
Thanks, thats where I have been reading, but cannot find it. Will have another look.try Marissa Alter's FB. They were on there yesterday.
the state would not be out 6 million though would it? Wouldn't the bond company need to pay? The Bond Company is the one that has made a promise to the court to pay if FD absconded. Of course, it could argue that the bond was not valid, but the point is, they (the bond company) have made a promise to the court. I cannot see how the State would be a victim? Can someone explain please?Yes, but in this case the State of Ct. was really on the hook, not the bond co. This is why the whistleblower reported them.
She said in her letter to the State of Ct. Insurance regulators ( which I can't find now online) that she didn't want the 'victim' JD or
the state to be re-victimized should FD flee.
If FD committed another crime against the state (the people) then that would look bad for the state. IMOthe state would not be out 6 million though would it? Wouldn't the bond company need to pay? The Bond Company is the one that has made a promise to the court to pay if FD absconded. Of course, it could argue that the bond was not valid, but the point is, they (the bond company) have made a promise to the court. I cannot see how the State would be a victim? Can someone explain please?
You'd have to ask CSP that question and yes it's a good one. But oh wait, seems CSP says anything to do w/ FD's death is now handled by FPD. Like anything happening on 1/28,yes my point is once the bond was determined to be null and void.why didn’t fd get picked up by the state police and brought directly to the hearing? He would be considered un bonded and a flight risk at that point. Instead Of fleeing he commuted Suicide close to two of the same in mo. Either way he is no longer facing Justice and that is what the bond is for,
I know nothing about Mr. Farber other than he was a very successful businessman, but could it be as simple as he wanted his daughter to happy. He must have been a very intelligent man to have acquired his success in life, and you’d think he wouldn’t have been taken in by his son in law’s “charming personality”. FD may even have pressured JD into convincing her Dad to help them start the business, and probably JD would since she loved him. IMO
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