"The following day, Ja posted Gamal and Cherry's combined $170,000 bond, as well as his own $150,000 bond, using his $3.5 million Saddle River, NJ home as collateral."

You mean to tell me this dude didn't have cash in THAT relatively small amount? He was large when a lot more people were actually BUYING music, wasn't he?

Wow

thats serious..watch ya self ja, looks like they insinuating racketeerin'...
a brotha cant even take care of his folk no more, damn.

They are really out to Get Rappers, real talk. You should be able to get your people out of FUCKN Jail, what tha fuck!!!!! Ja hold ya head brotha. And all other Black Men in this country. IF HE SANG COUNTRY MUSIC THIS WOULD NOT BE AN ISSUE!!!!

PingBack from http://eightmileroad.com/?p=1464

"The following day, Ja posted Gamal and Cherry's combined $170,000 bond, as well as his own $150,000 bond, using his $3.5 million Saddle River, NJ home as collateral."



damn, is ja runnin out of money?

THEY FEEL THE CODEFENDANTS ARE GOING TO FEEL LIABLE TO TAKE THE CHARGES, IF JA POST AND GET EM OUT. IT MAY BE SOME TRUTH TOO IT.

BUT WHY DID HE HAVE TO PUT UP HIS HOUSE. MAN! WHERE'S THE SAVINGS AT?

WHO?

Thats still $320,000 in straight cash son. Thats not chump change,  even to a multi-platinum selling artist. When you reach a certain amount of wealth, most people dont have cash like that lying around. You buy solid things to show your wealth.

If our stock market completely crashed and the value of the US dollar was next to nothing, what could you do with $320,000 cash in the bank? Nothing. But if you have global investments you can liquify in another market and re-establish your self worth.

And before somebody get smart and say...."Ja is that you???"

No its not me! LMAO!!!!!!!!!!!!!!!!!!!!!!!!!!

I RESPECT THAT....HE TRIED AN O.G. MOVE BUT THE D.A AND THE JUDGE BLOCKED IT...SO HE GET A PASS 4 THAT.....

AT LEAST HE AINT LEAVE EM IN JAIL LIKE SUM NIGGAZ DO.....



                                                          1THOUSAND

OH....AND BY THE WAY...JUST CAUSE HE USED HIS HOUSE DOESN'T MEAN HE'S BROKE...MAYBE HE WAS BEING SMART...DIDNT HE JUST BEAT A FED CASE?? GOIN 2 GET THEM WITH CASH MITE HAVE BEEN MORE TROUBLE THAN ITS WORTH... USE YA HEAD YA DIG.....

GET YA WEIGHT UP......NOT YA HATE UP

                                                    1THOUSAND

 STREET SOCIETY INC. said:
OH....AND BY THE WAY...JUST CAUSE HE USED HIS HOUSE DOESN'T MEAN HE'S BROKE...MAYBE HE WAS BEING SMART...DIDNT HE JUST BEAT A FED CASE?? GOIN 2 GET THEM WITH CASH MITE HAVE BEEN MORE TROUBLE THAN ITS  



word.thats real talk

@  
IkonRadio.com

A New Jersey home is not a "Global Investment".
IF THE STOCK MARKET WOULD CRASH your home wouldnt have anymore worth than the U.S. dollar would, remember are dollar is down right now and so is the property value.

The economy is driven by the interest rate (that is how much can be made off the dollar when its on loan.
and right now its low, so banks are less likely to loan money at a lower interest rate.

In other words they taxn that ass for the loot and the property value has dropped.

Oh and a global investment is a liquid investment.

www.myspace.com/katalystwitak

Holla!!!!!!!!!!!!!!1

the house is the collateral no money change hands if any one of them skip trail or court the house is like history or a lien or jugement would take place.

learn ya'll  laws and shit !!!!!!!

you said:
But if you have global investments you can liquify in another market and re-establish your self worth.

Thats what im address'n!!!!
and quite frankly that shit dont make since, cause a global investment isnt a house in Jersey.
Cause if the Dollar drop or the market crash you gone have a hard time selln that shit in the states, So dont even try selln that shit abroad!

And what laws are you referring to?
cause collateral is a basic principle son, I think we all know
that, Im callin you to the carpet on that dumb ass comment about a "Global Investment"

You b aight though.  

just because he put his house up doesn't mean he's broke. Borrowing against your house is a good idea because the value of your house can grow. Cash isn't gonna grow, you give up almost 400k for bail today, you lost 400k dollars. If you borrow against your house, you might be able to recoup that in the future if your property value goes up.

a sista can just appreciate that this comment thread yielded a conversation between brothers about global investments, interest rates, and the value of the american dollar. say word.

I would rather put up the money for the house as well...because after he beat the case then that is that, he is not inconvenienced with having to pay out 350,000 for how ever long this trial is going to take, then wait to get it back after the trial is over. Might as well keep the money in yo pocket... just in case you happen to need a few stacks...  

@Katalyst

Your right but I think you didnt understand what homie was trying to say. He was talkin about the house in reference to the bail, not liquid investments.

Come on now!! Who said he is broke? If he don't have a dollar in the Bank he has a 3.5 million that's  3.5 million dollar house to put up. That means its paid for. If you call that broke then lend me 200 Grand. If your broke and you have a 3.5 million dollar house wouldn't you sell it and buy a smaller one. Now come on lets don't be silly. You Know house is the last thing most hood n@@@@'s buy so you know he got over 3.5 million dollars in wips
Next week I Running a "Stop The Hate On Your Race" Campain  

ALL SAYING JA IS BROKE CAUSE HE PUT UP HIS HOUSE- U R DUMB! Go get a book or something! When you post bail on certain charges you can't just pay the money and go. Someone has to put up property. Niggas put up houses all the time but it's not cause they are broke..it's cause that is the way the legal system requires it to be done. Plus you can't just go to the bank and get that kind of money in a days time without notice. They have to be notified ahead of time to get the money prepared.

@ Katalyst

You said: Cause if the Dollar drop or the market crash you gone have a hard time selln that shit in the states, So dont even try selln that shit abroad

LMAO AT YOU FOR EVEN THINKING THAT I THOUGHT THAT A NEW JERSEY HOME WAS A GLOBAL INVESTMENT.

C'mon man. You gotta give me more respect than that fam. I distinctly stated: "But if you have global investments you can liquify in another market and re-establish your self worth."

Any educated person would know a domestic home is not a global investment. Thats a given.

@ Katalyst:

And another thing...Dont mix me up with Ikon4life on here either because thats somebody else not affiliated with me and now its just getting confusing.

i thought irv got all his money back after that feds case was over, why ja gotta put his house up.. smh

yo irv and ja need to get their sh*t together and start putting out music again, i mean those big records the inc is known for....  im tired of seeing these dudes running around like they still in their glory days.....

DAM RULE!

HAVE YALL HEARD ABOUT THE NEW RAPPER DR. DRE IS ABOUT 2 SIGN. CHECK HIM OUT. HE IS DOPE ASS HELL!

LISTEN NOW @ http://myspace.com/krazedouteross

@jon j

I dunno bout you home boy but i been out on bail for more serious charges than that and you CAN either put up your house as collateral OR call a bail bondsman and put up your house AND pay a 10-12% on it OR pay the WHOLE bond UP FRONT at the jail house...meaning if the judge tells you your bond is going to be 300 grand you're not payin a measly 12% to a bondsman (which would put you on the bondsmans pretrial terms drug testing check ins ect ect) you're going straight to the jail and paying the whole 300 grand cash money or whatever...my bond wasn't NEARLY as much as that but I paid mine straight up as to not be on pre trial release terms and what not and after paying it it took two hours for me to be released with no pretrial conditions.  But to sum it all up if you PAY for the whole bond with cash there ain't no "putting up your property" no matter what the charge is the bond is paid there is no need for any collateral any more the only thing that needs to be done is making sure the jail or pretrial probation officer knows where you live and or work and a few of your closest kin or friends.

It's hilarious how you people act like this man doesn't have money.

It's like when Master P filed No Limit Records...people were like "P doesn't have money, P is broke, P went bankerupt"

It's a business move! You do something like that when you know you will no longer make money off of the business and you want to move on! P has money that he can LAUGH at...

Same as Ja. I'm sure his financial advisor recommended him taking that action. Ja has money. Anybody that still have a 3.5M house and haven't dropped a plat album in like 5 years has MONEY. Shoot, act like you know something or learn something!

This shit is funny, and yall dudes wit the same type name? lol
then you sounded kinda pissed "Dont mix me up with Ikon4life on here either because thats somebody else not affiliated with me and now its just getting confusing."

THats funny...............

Maybe I am missing something here? Usually one only has to post 10% of bail to walk.. So  let's see??

that's $8,500 ea. for the other two cats.. ($170,000==$85,000ea.)

$15,000 for Jarule.

For a grand total of $32,000!!!

Priceless!!!!!

It's Murrrrrrdaaaaaaaaaaaaaaaaaaaaaaaaaa!!

do u think rock stars carry guns? or how about Kanye or Lupe?U only carry guns if ur involved in something were u basically have to be prepared to defend ur life, which probably is illegal according to the government we live in. And since we all know the rules(whether we agree with them or not) he should be punished for PURPOSELY disobeying them. And if he is just being bothered and harrassed by the cops good for them. He's an easy target. If my occupation was a cop i would go after EVERY RAP STAR, because that might move me up thru the ranks. Isn't that common sense? I forgot according to black people, niggas are never wrong. I bet u congratulate him for putting up bail for the rest of them niggas huh?  dummy

Fuck the pigs!!

i kno yall gon hate on me for this, but i like ja.. never had a prob wit the man... met him at my homeboys first mma fight on saturday.. he a cool dude..hes shorter then i thought tho...lol.... thats fucked, id be mad if i couldnt bail 2 of my ppls out on sum bullshit like that.. god damn hip-hop cops... they gettin every1...

Rappers need to just stay in the house, go a perform then come home. Don't talk to no one...lol

SPATE Magazine
http://www.spatemag.com

Wait a fucking minyte !!!!!IKON 4LIFE !!!!!!
is the real .. ole never went to jail as niggas!!!!!
he put up the percent of the bond persuant to the value needed to cover that bond in his house that was eigthe rpurchased at or that is now valued at 3.5mil!!!!!!!
if not recovered by keeping their part of the agreed upon terms of the bail.
the house now has a lein and can't be sold in the future untill  money is paided back or place a lien or jugement

all that other shit about global and investment shit don't apply!!!!!!

ole scrayy ass nig..

to the people who keep wondering why ja didn't pay cash to bail himself and his peeps out it's simple.  Why put up cash when you can use your house a collateral??  Were I in the same boat and I have every intention of showing up for my court dates i would've done the same thing!

@ Ikon4Life said "Wait a fucking minyte !!!!!IKON 4LIFE !!!!!!
is the real."

LOL! Aiight my dude, you can have it. Its not that serious. I AM NOT AN E-GANGSTER LOL!

Just make sure you come visit http://www.ikonradio.com and http://myspace.com/ikonradio and get down with the movement. Independent internet radio for non-mainstream artist. In July we are re-launching the station, I know you rap or know somebody who raps......who doesnt now-a-days. LOL!

Damn Ja hope everything works out for you baby boo :)...  on a side note  lmao @ that "Jeffrey Atkins skit on Get Rich or Die Trying and then Cam'Ron coming back and doing "Curtis" lol @ how things twist around...

One thing real quick about bail/bond people. if you pay 10% of a bond of say 1mil. That means if you put up 10% of your BAIL (100k)a bonding company will step in and pay the other 90%(900k) in the form of a BOND to cover the costs of your BAIL(1mil). As all businesses, the bonding co makes it's money from your 10%(100K) cost which they keep as profit. The BAIL(1mil) is now paid in the form of a BOND "by" the bonding company to the courts. Then after all court proceedings and requirements are met, the entire bail money (1mil)is given back. Hence the extra 100k for the bonding company. THIS IS THE 10% RULE FOLKS!

Now to the 1% of the U.S. population who are millionares different rules apply.......(Ja,Lil Wayne,Busta,Trick Daddy,Your favorite rapper,actor,athelete)


These people put up the entire BAIL 100% because like stated before,"once all court obligations are the money is given back."
That means you get your SH*T back. Most importantly the middle man is eliminated w/this step. No boding company is involved because these certain type of individuals have the cash and or assests to cover the ENTIRE bail example(house,car,jewelry,stocks,cash,guns) anything of real certifiable value.

So in defense of Ja Rule if you have a $3.5 million dollar home, that is the way any and every lawyer is going to recomend to go. All you do is sign paperwork. Very smooth and easy. Basically you give the court the right to put a lein on your property for that amount "the bail". You don't have to give up any cash!!

AHH I've been on here watching people spead false information mostly out of ingorance (not knowing any better). I know the fact for a couple of reason...
1. I have been a victim of the system.
2. My fiancee works for an attorney.
3. My uncle has been a BAIL BONDSMAN for 20yrs.

So I'm just speaking on experience.


D*MN that the was the most I've typed on a post ever!!



------------------------------------------------------------
"No clouds in my stones!"  -Jay Z
Get iced up at www.dlaurenciodiamonds.com


Click on my name to find out how to get free grant moey from the government!!

FUCK THE HIP HOP POLICE

Ja got like 100 Brooklyn/Queens niggas on his pay roll. Not to mention Irvs spending habits. Money not long like it was 4 years ago. He need to cut back before he repeats what MC Mallot/Hammer did.
Ja feeds alot of people. Worry about yourself and Fam homey.

PingBack from http://mediaoutrage.com/2008/02/28/judge-wont-allow-ja-rule-to-pay-his-boys-bail/

GOOD MORNING TO MY AHH FAMILY!!!!!!!!!


i'm co-signing with KANDI COLE & STACK DADDY

PingBack from http://fawker.us/2008/02/28/judge-to-ja-rule-these-broke-niccas-gotta-post-their-own-bail/

HE STILL GOT MONEY!!!! THEM ROYALTY CHECKS ARE COMING IN!!!
OOOOOOOO YEAH GO TO MYSPACE.COM/SOLJABOYENT
WWW.SOLJABOYENT.COM

honestly...who really gives a fuck about Ja Rule anymore?


http://thehiphopnerd.blogspot.com/

Damn Ja Rule tough luck . Check us at http://sonicfever.com we got the fire mixes for the low low.

LOOKS LIKE THE HIPHOP POLICE!!!

"Lil' Wayne, who was arrested on similar charges an hour after Ja Rule, and pleaded not guilty in his case on Monday (Feb 25)."

LOOKS LIKE THE HIPHOP POLICE!!!

damn messed up shit. hope dude gets through this. Lookin forward to his album.

real music click this
http://www.myspace.com/jdubbthayounghectic  

PingBack from http://www.stereohyped.com/7740-20080228/

i think that ja played it smart,put the house up to keep from wasting over 100 thousand dollars,regardless of how much $$$$$ a person has,if they smart they dont want to throw it away.when u can put the house up and win/lose u still keep your house,but u have to b educated on the law,or like me have been through that type of shit....hold ya head ja..

Everybody knows that you dont put the 10 percent up if you dont need to because you dont get it back! It goes to the bondsman.

You put up the whole thang so that you can get it all back if you dont blow.

Most dont have the whole and if they do..producing it in duffle bags raises more questions...ya dig?


How do you think that most of them white cats on these white collar cases are posting bail? No briefcases unless the breifcase is holding a title. No duffle bags..Stocks and bonds, other collateral. Think about it like this. The Mayback car that Ja was driving in would have posted their bail.

My $.02. And I sure aint no Ja fan. Just the fact that he did it how he is supposed to. Now he just has to be slicker about how he gets them folks their money :)..

@Red Deezo

Slim you sound like the man. You got you a little career plan to make Chief and all that and all getting ready to be made on a black man.

Slim as far as breaking the law...Slavery was once legal. Being black and educated was illegal. Interracial dating was illegal. Speeding is illegal..At some point and time you as a MAN may have to come to grips that every law aint right. That is why your momma taught you right from wrong. Not the laws. They are not the same.

As for Rock Stars...When was the last time a rock star went to venue and got robbed or hated on for no other reason than opportunity. Kanye too.

You sound like you living in a brick house...but it is glass like everyone else's.

P.S
Homie, if I knew which days my life was going to be on the line, that would be the only day that I would a hammer. LOL Some people know nothing about the other side of the life, they are going to wait for a friendly police officer to show up and help...LOL..You have got to be kidding...

You sound so green that you really may be Blue LOL..

And I am not advocating thug life...Not at all. I am advocating the same thing that the Black Panthers and Huey P Newton advocated, that carrying a gun is to protect oneself. Not offend another man because you think that he does not. A gun does not make you a man, it is a tool. Also, if everyone carried hammers, people would pipe down anyway. Me, I like it with my hands.

Smokin420Aces

I don't agree with putting the house up for bail..getting a lien on ur house for such little money isn't a wise idea...I doubt Ja is broke so he should have had the money to drop the necessary 10 percents on these bails with no problem...That being said, I do give him credit for being a standup guy and trying to pay the other cats' bail...u got a lot of caked up rappers/entertainers in the past who have left their niggas high and dry in similar circumstances.

PingBack from http://www.bumphiphop.com/news/ja-rule-cant-post-bail-for-the-homies-says-judge/

@baltimoreson3000 said:
I don't agree with putting the house up for bail..getting a lien on ur house for such little money isn't a wise idea...I doubt Ja is broke so he should have had the money to drop the necessary 10 percents on these bails with no problem...That being said, I do give him credit for being a standup guy and trying to pay the other cats' bail...u got a lot of caked up rappers/entertainers in the past who have left their niggas high and dry in similar circumstances.
^^^^^^^^^^^^^^^
EXACTLY! THANKS FOR THE CLARITY BECAUSE OTHERS THINK MY COMMENT MEANT, I THOUGHT HE WAS BROKE. IT WAS THE OPPOSITE, SO THANKS FOR YOUR POST. IT SAVES ME TIME. LOL

@Kandi Cole

WORD. LOL

@LTBROWN

Why would you want to give away 350,000 over something like this. All the man has to do now is show up for court and it won't cost him a sent.

@IM_LUX

Good shit clearin that up! I was going by the broke niggas i know who never can afford to pay the full bail.

@Jon J said:
@LTBROWN

Why would you want to give away 350,000 over something like this. All the man has to do now is show up for court and it won't cost him a sent.


DO YOU OWN A MORTGAGE? IF SO, YOU WOULD NOT HAVE ASKED ME THIS QUESTION.

WHY WOULD U PUT YOUR HOUSE UP FOR IT? THAT 350K GOES ON YOUR MORTGAGE. IT DON'T JUST GO AWAY. THAT SHIT'S GONNA COST HIM ANOTHER MILLION DOLLARS WITH INTEREST.
IF HE PAID CASH FOR THAT HOME, HE HAD NO MORTGAGE. NOW HE WOULD AND AFTER INTEREST ON A 20-30 YEAR LOAN, THAT ADDS ANOTHER 350K AT LEAST. SO HE WOULD HAVE BEEN PAYING BACK DOUBLE, IF THEY'D ALLOWED HIM TO PAY ALL THE BAIL. GET IT NOW? IF HE DID CASH, THEN THERE IS NO INTEREST AND NO ADD ONS.

YOU SEE IT NOW?