Derek Chauvin (cop who murdered George Floyd) released from Minnesota prison

[WhiskeyGrinder]

https://www.fox9.com/news/derek-chauvin-released-from-minnesota-prison

MINNEAPOLIS (FOX 9) - Derek Chauvin has been released from the Oak Park Heights, Minnesota prison after posting a non-cash bond. Chauvin is awaiting a March 8 trial in the death of George Floyd in Minneapolis.

A Minnesota Department of Corrections spokesperson confirmed Chauvin was no longer being held at the prison on Wednesday, and state court records show Chauvin posted bond. Chauvin had been at the Oak Park Heights prison since May 31. Court records show he posted a non-cash $1 million bond on Oct. 7, signed by A-Affordable Bail Bonds of Brainerd, Minnesota. A notice of release was posted at 10:34 a.m. on Oct. 7.

Chauvin was arrested and charged with third-degree murder and manslaughter just four days after the Memorial Day death of George Floyd at the intersection of E. 38th Street and Chicago Avenue in Minneapolis.The charge was later upgraded to second-degree murder.

Chauvin, the officer seen kneeling on Floyd's neck in a bystander video, is charged with second-degree murder, third-degree murder and second-degree manslaughter. Former officers Thomas Lane, J. Alexander Kueng and Tou Thao are all charged with aiding and abetting second-degree murder and aiding and abetting second-degree manslaughter. All four officers were fired the day after the death of George Floyd.

[MagickMuffin]

1. Non-Cash bond

So, A-Affordable Bail Bonds hold the keys to his life?


If he doesn't pay up, they'll cut him off at the knees?

[brush]

3. Wonder what non-cash bond means...real estate...

other property or valuables, maybe retirement funds?

[TwilightZone]

4. It's basically like an insurance policy.

A third party guarantees that he'll show up or they'll pay the $1 million. In this case, Allegheny Casualty.

[Hassin Bin Sober]

10. Out of Brainerd. Hopefully he doesn't flee the interview.

[ret5hd]

2. That means he signed over something worth at least $100k, right?

Bail bonds cost generally about 10% of the bail and are non refundable, and as this was a”non cash” deal, my guess is he signed over some property or something like that.

Anyone else got a read on this?

[TwilightZone]

5. Non-cash means that a third party is guaranteeing it.

In this case, Allegheny Casualty. If he doesn't show, they pay the $1 million.

[ret5hd]

6. Yeah but SOMEONE had to fork over $100K or so...

A bail bond company ain't working for free.

[TwilightZone]

7. According to other articles, he sold his house.

For "well under market value".

[onetexan]

8. seems some group may have helped him front the $ to post bond

[greenjar_01]

9. Sure, but they're doing it for a fee

Usually 10% collateral (the $100,000), and some percentage of that at the end of the trial.

[electric_blue68]

11. Eh Fuck this bastard getting out for now!