Quote:
According to Louisiana State Police, Tull accepted premium payments on bonds from Nov. 2007 through Jan. 2009 without submitting the payments or proper paperwork to AAA Bail Bonds. The agency was unaware he allegedly kept the money because there was no documentation showing the bonds were issued.
Ok... I am an old country boy but someone with a wider knowledge of this business explain something to me........... if he was licensed as a surety bondsman, which he obviously was... he was issued "powers" in certain denominations that he posted when he wrote and collected on the bonds... was the insurance company or the general agent supplying him with these 'powers' and didn't he ever do 'exoneration' or was he ever questioned about the 'powers' that disappeared over the 14 months in question???
...but even more interesting is the fact that the insurance company and/or the general agent did not do an inventory report for 14 months and no one was looking over his shoulder??? ...... that is crazy.
The thing is.... depending on the size of the bonds he was stroking.... $13,000 is not a lot of money... that could be covered with very few bonds if they were of any size.... but a bond of a larger denomination would be more visible to the insurance company and the general agent and depending on how long he had operated as a bondsman... he should have been under the wing of some sort of supervisor.... anyway.... somebody wasn't doing their homework or watching the reports or the issuing of the new powers...
I submit a report on a regular basis, relating to my inventory, what is out, what is finalized and my company sends me new powers every week to replace the used ones.... I suppose I could get away with hiding a few here and there but there just ain't enough money involved here and besides.... I have a good idea what its like on the other side of those bars.............. no thank you.
