Regarding Million Dollar Bond for George Zimmerman
REGARDING THE ONE MILLION DOLLAR BOND SET FOR GEORGE ZIMMERMAN
ON 05 JULY 2012.
Today, Judge Lester set George Zimmerman's bond at $1,000.000. In order to get out of jail, Mr. Zimmerman will have to pay a bail bond company $100,000 (10% of the bond amount) and have collateral worth $1,000,000.
George Zimmerman and his family do not have anywhere near $1,000,000 for collateral so even if we pay the $100,000 fee, the bail bond company will have to agree to work with us on how the collateral would be posted. We are encouraged we can work this out. We paid $15,000 initially for the first bail fee so an additional fee of $85,000 would have to be paid to post this new bond assuming we can work out the collateral issue.
Although the Legal Defense Fund has approximately $211,000 at this time, there are about $40,000 in payables for defense expenses so far (not including any attorney's fees) with significant expenses ahead of us for expert witnesses, deposition costs, private security and George's living expenses. Paying bond and scheduled expenses would effectively wipe out the existing balance.....
http://gzlegalcase.com/index.php/press-releases/34-regarding-the-one-million-dollar-bond-set-for-george-zimmerman