Michael Jackson's Trials

Michael Jackson's Trials


The Ongoing Trials of The Late Michael Jackson

Wednesday, May 11, 2005

Bail Bond Forfeited

It is reported that Michael Jackson has forfeited his $300K bail bond and replaced it with an identical bond, also costing $300K.

Jackson's $3M bail was set a year ago, and was handled by David Perez Bail Bonds of Covina, Calif.

It is normal for bail bondsmen to take a commission, on the bond's first anniversary. However, it is reported that Perez told Jackson's personal attorney, Brian Oxman (who has now been fired from the trial), that there would be no charge.

Despite this, Oxman has forfeited the $300K, and has taken out another bond.

There is no obvious rationale for this unusual action, especially given the fact that Jackson's finances are somewhat "shaky".

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