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AWOBB
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Post subject: Appeal Holds Up Forfeiture of $700,000 Bond Posted: Thu 20 Jul 2006 15:45 |
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Advanced Poster |
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Joined: Tue 22 Feb 2005 19:28 Posts: 1807 Location: Ohio & Nationwide
FRN Agency ID #: 757
Experience: More than 10 years
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Appeal holds up forfeiture of $700,000 bond; Poland still being sought by firm
Clark County officials will have to wait to see if the county will receive any of a $700,000 bond posted for Wayne Poland, 62. Poland failed to appear - almost two years ago - at his trial on 40 counts of rape and 20 counts of possession of child pornography.
First Arkansas Bail Bonds and their local agent, Thom Francis, issued Poland's two bonds, amounting to $700,000.
Poland's co-defendant, Jacquelyne Velcoff, 48, was charged with 20 counts of rape. She was found guilty in February 2005 on all counts and sentenced to serve 14 years on each count. She is now in prison in the Arkansas Department of Correction with a scheduled release date of 2014.
When Poland failed to show for his trial on Nov. 15, 2004, Circuit Judge John Thomas gave First Arkansas several months to find Poland before issuing an Order of Forfeiture on May 19, 2005. In that order, Thomas ordered First Arkansas Bail Bonds Inc. to pay Clark County $692,200, the amount of the bond minus expenses the company had accrued in searching for Poland.
Francis said his company is still actively seeking Poland's return. Calls to the company's headquarters in Mountain Home have not been returned, and they have not responded to messages left by phone.
Although the order to pay the funds was issued more than a year ago and have not been paid, First Arkansas Bail Bonds is still issuing bonds in Clark County. They can still legally issue bonds, according to Tommy Reed, executive director of the Arkansas Professional Bail Bonding Co. and Licensing Board. "It's a process," Reed said. "It's got to run its course."
The case is stalled with the Arkansas Court of Appeals. First Arkansas Bail Bonds has appealed the order of forfeiture and the appeals court has not yet heard the case. According to the court's docket, the case is scheduled to be heard next month when the court reconvenes from its summer break.
Prosecuting attorney Henry Morgan said once the court issues their decision, the matter can move forward. "Until they hear it, we're stalled," Morgan said.
Once the court rules on the matter, First Arkansas can seek funding from the sources Poland used as collateral, Reed said.
The owners of First Arkansas Bail Bonds have told Reed that the judgment will be paid, he said, even if the court rules in their favor. "I've been assured that First Arkansas will satisfy that judgment," he said.
Until the case is heard by the appeals court, First Arkansas is still "solvent and in good standing" with the Professional Bail Bond Licensing Board, Reed said. That means the company can continue to issue bail bonds as they have in the past, he said.
In order to be licensed, a bonding company has to put up a security deposit. First Arkansas has a $100,000 on deposit, Reed said. If necessary, the licensing board can use that deposit for the satisfaction of bonds.
_________________ Steve Faircloth A Way Out Bail Bonds (220) 204-9733 Cell NSIN# SF0105 LIC. #704058
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kickingit101
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Post subject: Posted: Thu 20 Jul 2006 18:16 |
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Junior Poster |
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Joined: Sun 13 Nov 2005 22:03 Posts: 46 Location: Missouri
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So you are a bail bondsman and you are looking at having to forfeit a $700,000 bond and you only spend out of your own pocket $7,800 looking for the guy in two years? HMMM does not sound like they are very worried about having to pay out the bond to me. When I did bail bonds I bonded a guy on a $5,000 bond and he ran. I spent $3,000 to get him. Of course he was calling and cussing me and threatening to kill my children and myself so it became personal. Imagine his surprise when we along with the Columbia Police Department busted down the door at the crack house where he was staying. Oh and he was hiding in a closet and refused to come out because and I quote " She said she was going to kick my ass when she caught up to me" which yes I did threaten to do after he threatened my family, but I settled for letting him know he would now be someone else's you know what when he got to prison, I would make sure of it.
_________________ Heather L. Sheridan 315-882-8008
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HoundDog
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Post subject: Posted: Fri 21 Jul 2006 07:49 |
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Advanced Poster |
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Joined: Sat 14 Aug 2004 16:44 Posts: 993
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I offered to help and they would not even return phone calls. They never intended on looking or even trying to catch this guy, they figured that they could just beat the judgement in court. They will be out of business if the appeals court rules against them.
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AWOBB
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Post subject: Posted: Sat 22 Jul 2006 08:44 |
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Advanced Poster |
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Joined: Tue 22 Feb 2005 19:28 Posts: 1807 Location: Ohio & Nationwide
FRN Agency ID #: 757
Experience: More than 10 years
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I know that if I bonded this person out an they ran on me. I sure in the hell would of went after him. I wouldn't of care how much it cost me to get them back in jail or court. I still have lots to learn about Bail Bonds part of the business, cause that I'm just starting out in. But the recovery part, I have been doing for awhile.
_________________ Steve Faircloth A Way Out Bail Bonds (220) 204-9733 Cell NSIN# SF0105 LIC. #704058
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Kathy
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Post subject: Posted: Sat 22 Jul 2006 08:50 |
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in memoriam |
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Joined: Tue 24 May 2005 14:46 Posts: 3334 Location: Colorado
FRN Agency ID #: 324
Experience: 5 - 7 years
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Steve, use your experiences from BE in writing bonds. It will help you know what information to have and also in being able to read people.
_________________ Kathy Blackshear Blackshear Investigations Blackshear Bail Bonds Sales Associate, Prepaid Legal Services, Inc. Walsenburg, CO
Proud Member of the AB Reject Club
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AWOBB
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Post subject: Posted: Sat 22 Jul 2006 08:54 |
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Advanced Poster |
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Joined: Tue 22 Feb 2005 19:28 Posts: 1807 Location: Ohio & Nationwide
FRN Agency ID #: 757
Experience: More than 10 years
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Thanks for the information, Kathy!
_________________ Steve Faircloth A Way Out Bail Bonds (220) 204-9733 Cell NSIN# SF0105 LIC. #704058
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Mdbtyhtr
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Post subject: Posted: Sat 22 Jul 2006 09:45 |
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Joined: Thu 06 Jul 2006 14:22 Posts: 3982 Location: Maryland and Virginia
FRN Agency ID #: 455
Experience: More than 10 years
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Steve,
You will do well in bonding. Just remember, that potential clients learn what the answers should be every time they talk to a bondsman. When all of the answers are just too perfect, something is wrong. Also, when you are hurting for money, you have to be on your sharpest point, that is when you will be renting money, by writing bonds you would not if you were flush!
Best regards, health, wealth and happiness,
Scott
_________________ R.E. "Scott" MacLean III
"Leaders are like Eagles, you never see them in a flock, but one at a time"
Chesapeake Group Investigations, Inc. Chesapeake Bail Bonds 877-574-0500 301-392-1100 (fax) 301-392-1900 (Office)
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tsuggs
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Post subject: Posted: Sat 22 Jul 2006 16:34 |
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Joined: Thu 09 Mar 2006 14:51 Posts: 3344
FRN Agency ID #: 3904
Experience: More than 10 years
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On any large bond and we consider anything over $20K large, we get solid indemnitors or COLLATERAL. In this case we would not have written that bond without real property with proven equity equal to the amount of the bond(s). A deed of trust would have been recorded BEFORE the bond was written.
In California we can start foreclosure proceeding as soon as the def fta's and we get a forfeiture notice from the court. We can't collect until we have to pay the summary judgment ordered by the court. But, the co signers are on notice that in 180 days if the def is not back in custody, they will lose their property.
Likewise, on that large of a bond, we would have hired the best recovery agent we could and the fee to them would have been the $70K we got as premium on the bond.
I don't think we would have had a problem getting a good recovery agent to take the case and work it hard.
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L.A.W.
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Post subject: Posted: Sat 22 Jul 2006 18:30 |
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in memoriam |
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Joined: Sat 07 Jun 2003 13:51 Posts: 705 Location: New England
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Tony... for 70K I would have brought in the bad guy, his neighbors and even the paper boy. Just kidding but you get the idea.
_________________ Lance Allen Wilkinson
Recoveries by L.A.W.
Serving since 1984
“What is sought is found... what is overlooked escapes” (Oedipus Rex)
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bloodhound8652
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Post subject: Posted: Sat 22 Jul 2006 19:12 |
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Moderate Poster |
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Joined: Thu 03 Nov 2005 17:12 Posts: 129 Location: Chattanooga Tn/Rossville Ga
FRN Agency ID #: 0
Experience: 7 - 10 years
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HELL WHERE DO I SIGN UP AT I WILL WASH YOUR CAR TAKE YOUR WIFE OUT WHEN YOU DONT WANT TO SH__ WHAT ELS DO YOU NEED DONE !
_________________ Chattanooga bonding co. Chattanooga,Tn. GABB#GA060335 423-421-2897
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