Bail-bond industry under pressure amid policy changes
from The Crime Report
The bail-bond industry is under pressure as more states move to wipe out cash bail and financial firms look for an exit from a controversial profit center in the criminal-justice system, the
Wall Street Journal
reports. Private-equity firm Endeavour Capital sold its stake in California-based Aladdin Bail Bonds, one of the largest bail-bond providers. The move came after Endeavour and its investors faced pressure from the American Civil Liberties Union and others.
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