Some Background on Bounty Hunters
The U.S. Supreme Court introduced the role of a bounty hunter into the legal system in 1873. Since its inception, the main function of a bounty hunter has been to bring in, find, and capture individuals who have skipped or jumped bail. Typically, the bounty hunter is hired by a bail bondsman; this individual has legally promised to the U.S. Supreme Court to act as the guarantee for his client (the accused) to appear in court on the required date. For decades, the rates for bail bondsman have remained steady. A bounty hunter will be offered about 10 to 20 percent of the bail amount as long as the client is found. However, the rates can vary depending on the case and individual employing a bounty hunter.
Shifting From Hollywood's Depictions
According to some of Hollywood's biggest hits, the bounty hunter's bad side is emphasized to represent someone who is willing to do anything to get his/her bounty, even if it means murder. Through films like Jaws, Star Wars, or the classic "The Bounty Hunter," the role and duties are relentless and require no sense of law. Considering these images, most people would think bounty hunters do not exist in the same way that they used to live. In fact, there has been a shift in not only the type of work that they do, but the way they look accepted to undergo an upgrade too.
How it Works in Modern Times
According to the U.S. Securities and Exchange Commission (SEC), bounty hunters still exist in today's modern society. However, they do not look or act in the way that most people would expect. Instead of thinking that you should be looking for someone who could attempt murder for your capture, you should forget that altogether because now bounty hunters are in it for the money. Typically, modern bounty hunters will be seen wearing suits, ties, and their fancy shoes, bounty hunters will work with the federal government to gather information about accounting fraud and federal securities. The biggest incentive is the reward for individuals who will provide helpful information to the SEC. Currently, bounty hunters will also get a significant portion of the reward, ranging between 10 and 30 percent. Thus, the financial gain of gathering necessary information about fraud is the new mission for modern bounty hunters.
Support and Legal Protection for Bounty Hunters in the U.S.
According to the Dodd-Frank Reform and Consumer Protection Act of 2010, bounty hunters are protected by the law and considered valuable to many large businesses and corporations. At the same time, the employer of bounty hunters are also protected to ensure they are not hiring individuals who cannot find "whistleblowers" or individuals who will divulge information to the SEC about accounting fraud. Moreover, there are many advantages for bounty hunters to exist in the business world. According to one study done by Midwestern Urban University, more than 30 percent of employees will discover a colleague or employer engaging in wrongful and/or potentially illegal behavior in the workplace. Thus, bounty hunters are employed to ensure that companies do not suffer from internal fraudulent behavior or reporting.