How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Damien Bosco Your Own Question

Damien Bosco
Damien Bosco, Attorney
Category: Business Law
Satisfied Customers: 1470
Experience:  Helping you with your legal questions.
68302747
Type Your Business Law Question Here...
Damien Bosco is online now
A new question is answered every 9 seconds

Ive worked in a 9 to 5 sales role within the finance industry

Resolved Question:

I've worked in a 9 to 5 sales role within the finance industry since 1995. In 2007 I became a licensed bail bondsman to help out a friend. He couldn't write bail for reasons I was unclear about at the time but now emit red flags. He continued to be properly licensed but could not be a producer. However, a fellow producer could write those bails and collect a very small percentage from him.

I entered into an agreement to become a producer for one of the larger insurance surety's. To do this they asked me for a 'laydown' or deposit to put in an account designated as a "build up fund" which was positioned as a “retirement” fund for agents. The deposit was funded by my friend and it was communicated to the account manager for the surety that almost all business being generated from the agency was done by my friend and not myself. So if someone calls my friend and wants to get bailed out, my friend would call me, I would go to him then go to the jail to process the paperwork and was given a small percent of the transaction for my trouble. This was the model that was accepted by the surety.

In 2009 I decided to scale back activity with writing bail. It was never a primary means for me to generate revenue because I had worked in an office job throughout in another industry. And after having my first baby, I simply had no time to run out of the house at odd hours to help a friend.

Soon thereafter, my friend convince me to approve a subagent who could write under my agency. I didn’t see the issue with it until I realized that they were writing bails without any type of risk controls. They accepted almost every bail that came through their door. I because suspicious after seeing that there were many more forfeiture letters being delivered and that’s when I ordered to cancel the subagent agreement. Within that same time frame I ordered the surety to send the powers and all literature and mail directly to me and not to my friend’s bail bond street address. They did not comply and bail was written on powers that were distributed without my knowledge. Today, a loss control manager at the surety is pressuring me to continue working to clear up the mess that was caused even though they canceled my appointment with them as an agent in 2011.

As an agent I was never given any training nor were we given proper guidance in terms of building a sustainable business. Even now, when I was asked to pursue or have someone take pictures of a fugitive hiding out in the Dominican Republic, I said that I would need to reach out to a third party, then dip into the build up fund to pay for that service, they did not allow that. Now, they sent me an email saying that it was done but it cost 6x more to do it than what I priced it out for.

What options do I have and how can I connect with an experienced attorney that knows this industry in case I need representation? The loss control manager at the surety has warned me that if don’t respond to him soon that he will turn this over to their legal team. I have about 35 bails outstanding , 500k in liability according to their records. Hope someone can steer me in the right direction.
Submitted: 1 year ago.
Category: Business Law
Expert:  Damien Bosco replied 1 year ago.
Hi and Welcome! My name is XXXXX XXXXX will be assisting you. I am happy to help you. I understand your situation. Here is a link to a New Jersey attorney that has experience in surety bonds, litigation, breach of contract, claims, etc.:

http://www.wolffsamson.com/biographies/howard-uniman

I hope this helps you. Regards, Damien
Damien Bosco, Attorney
Category: Business Law
Satisfied Customers: 1470
Experience: Helping you with your legal questions.
Damien Bosco and other Business Law Specialists are ready to help you
Expert:  Damien Bosco replied 1 year ago.
Hi Rick,

I'm just following up with you to see how everything is going. Was my answer helpful? If so, please provide a positive rating (a smiley face or 3 to 5 stars).

Thank you,

Damien Bosco

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
< Last | Next >
  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
  • My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer. Eric Redwood City, CA
  • I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight. Michael Wichita, KS
  • PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent. Three H. Houston, TX
  • Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!! Elaine Atlanta, GA
  • It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem. Tony Apopka, FL
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
 
 
 

Meet The Experts:

 
 
 
  • Law Pro

    Attorney

    Satisfied Customers:

    1767
    20 years experience in business law - sole proprietor, partnership, and corporations
< Last | Next >
  • http://ww2.justanswer.com/uploads/LA/lawpro/2012-6-25_171315_PT206740s.64x64.jpg Law Pro's Avatar

    Law Pro

    Attorney

    Satisfied Customers:

    1767
    20 years experience in business law - sole proprietor, partnership, and corporations
  • http://ww2.justanswer.com/uploads/dkaplun/2009-05-17_173121_headshot_1_2.jpg Dimitry K., Esq.'s Avatar

    Dimitry K., Esq.

    Attorney

    Satisfied Customers:

    1495
    Run my own successful business/contract law practice.
  • http://ww2.justanswer.com/uploads/DC/DCraneEsq/2012-8-14_14436_DCrane.64x64.jpg MShore Law's Avatar

    MShore Law

    Attorney

    Satisfied Customers:

    1233
    Drafted Negotiated and/or Reviewed Thousands of Commercial Agreements
  • http://ww2.justanswer.com/uploads/FL/FLAandNYLawyer/2012-1-27_14349_3Fotolia25855429M.64x64.jpg FiveStarLaw's Avatar

    FiveStarLaw

    Attorney

    Satisfied Customers:

    1174
    25 years of experience helping people like you.
  • http://ww2.justanswer.com/uploads/scottymacesq/2009-6-10_221523_small.jpg RGMacEsq's Avatar

    RGMacEsq

    Attorney

    Satisfied Customers:

    504
    Licensed Texas General Practice Attorney
  • http://ww2.justanswer.com/uploads/ohioatty/2009-1-22_185545_me.jpg J.Hazelbaker's Avatar

    J.Hazelbaker

    Attorney

    Satisfied Customers:

    393
    Experienced and trained in the area of business law.
  • http://ww2.justanswer.com/uploads/BA/barristerinky/2012-6-10_22423_office.64x64.jpg Barrister's Avatar

    Barrister

    Attorney

    Satisfied Customers:

    373
    14 years practicing attorney, MBA
 
 
 

Related Business Law Questions

Chat Now With A Business Lawyer
Damien Bosco
Damien Bosco
Business Lawyer
1470 Satisfied Customers
Helping you with your legal questions.