ACLU asks Endeavour Capital to exit for-profit bail business

The ACLU is urging Endeavour Capital to exit its investment in Aladdin Bail Bonds and Seaview Insurance. The ACLU argues that for-profit bail bonds create cycles of debt that disproportionately affect Black, Latino, and low-income communities. The document highlights Aladdin's financial efforts to oppose reform in California and its attempts to establish commercial bail in Oregon and New Mexico.

• The ACLU asserts that the for-profit bail industry imposes financial burdens on individuals and families, specifically disproportionately impacting low-income and Black and Latino communities, and trapping people in cycles of debt through contracts that extend beyond court proceedings.
• Aladdin Bail Bonds has actively funded efforts to oppose bail reform or expand its business into states where for-profit bail is banned. This includes a $49,900 contribution in 2014 to oppose California's Proposition 47, $420,000 in lobbying between 2009 and 2015 in Oregon to establish a commercial bail system, and over $22,000 in campaign contributions to New Mexico legislators since 2016 to challenge pretrial release rules.
• Since Endeavour Capital acquired Aladdin Bail Bonds in 2012 and merged it with Seaview Insurance, the company has expanded its operations from three states to seven. By December 2017, its affiliate Seaview was licensed but inactive in eleven additional states, including Texas, Virginia, Oklahoma, and Florida.

APA

Ofer, U. (2018). ACLU asks Endeavour Capital to exit for-profit bail business. Private Equity Stakeholder Project. https://pestakeholder.org/news/aclu-asks-endeavour-capital-to-exit-for-profit-bail-business/

Chicago

Ofer, Udi. ACLU asks Endeavour Capital to exit for-profit bail business. Private Equity Stakeholder Project, 2018. https://pestakeholder.org/news/aclu-asks-endeavour-capital-to-exit-for-profit-bail-business/.

Wikipedia

{{cite press release |last1=Ofer |first1=Udi |title=ACLU asks Endeavour Capital to exit for-profit bail business |publisher=Private Equity Stakeholder Project |date=17 September 2018 |url=https://pestakeholder.org/news/aclu-asks-endeavour-capital-to-exit-for-profit-bail-business/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{ofer2018aclu, author = {Ofer, Udi}, title = {{ACLU asks Endeavour Capital to exit for-profit bail business}}, publisher = {Private Equity Stakeholder Project}, year = {2018}, month = sep, url = {https://pestakeholder.org/news/aclu-asks-endeavour-capital-to-exit-for-profit-bail-business/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }