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Judge Sets Whopping Fine On Migrant Bond Issuing Firm, $811 Million

One of the legal ways that non-migrants can make money from the migration business is to lend money to illegal aliens in trouble with the law.

The bonds are designed to make sure that an alien involved shows up at scheduled court hearings and meets other requirements.

As the Washington Post reported on April 4, a single firm in Virginia took in so much money from this business illegally to warrant a total penalty of $811 million, an amount large enough to threaten the firm involved with bankruptcy.

The firm is Libre by Nexus, and it is located far from migrant populations; it is in Verona, Va., population 4,582, in the northern Shenandoah Valley.

A federal judge in Roanoke, Va., found, according to the Post, that the company owed the federal consumer protection agency $231 million in restitution plus massive civil penalties.

Immigration bonds are somewhat similar to bonds in the criminal court system, and perform the same service, making sure that the individual involved shows up in court when needed.

Lending money to lots of people at $5,000 a crack, despite high fees, is not a very profitable business, as Libre must have found, because it added a new element to its dealings with many of the aliens.

https://cis.org/North/Judge-Sets-Whopping-Fine-Migrant-Bond-Issuing-Firm-811-Million 

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