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John Handsome Johnny Roselli — Part 2
Page 15
15 / 91
In connection with the bail bonds, Gate: explained that the
total bond supplied by their company was $700,000.00. They stated that their
company also bonded JOUN ROSULLI, but that the bond was not actually consum- |. :
. 4 i
amid,
mated in the Chicage office. They stated that the total amount of collateral
obtained for the $700,000.00 bond was ap: roximately $500,000.00, and that a
_ fee of two per cent was charged on the face value of the bonds, which resulted}:
in a profit to the American Casualty Company of $14,000.00. au: stated 9."
that if one subject up tu five subjects did not appear on the date set, that
‘his company would not have lost any money, but that at least six or seven
would have to fail to appear before his company would have a losse He stated
that, in other words, there was a possible $200,000.00 loss to the American
Ca sualty Company if all seven subjects failed to apcear when called, we
que 22: that the cost of these bonds was paid by Attorney JOSEPH. ee Ar:
bie
fe
QABULGER. The source of the funds used by BULGER to pay this” cost.
was not knowvm to ithe, <a,
‘The records of the American Casualty Company failed to disclose the dates
the bail bonds, the dates of the Collateral Agreements, and the dates of “‘
cancellation of bords. Their records also did not show whether any substitu-
tions were made of bonds.
“b
of
Both QM were asked if they knew any of the subjects in instant
case, and they stated that they did not know them personally, but did know, then ;
' by reputation.
stated that at the time the bail bonds were cancelled, “that his oe A
company in Reading, Pennsylvania, wrote checks to the individuals that had «::
originally put up collateral for the bonds, and that these checks were sent
to the Chicago office of the American Casualty Company and were distributed |
by the Chicego office to the individuals to whom they were made payables
EAM pan, he,
‘
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