PhotoThe chairman of the Bail Project’s board will be Michael Novogratz, a longtime hedge fund manager who now runs Galaxy Investment Partners. In an interview last week, Mr. Novogratz said that he decided to take part in the project after learning from Ms. Steinberg that on any given night, almost 450,000 poor defendants are locked in jails nationwide without even having been convicted of a crime. “Even with $50 or $60 million, we’re only going to put a dent in things and hopefully change attitudes about cash bail. Ms. Steinberg also noted that remaining in jail without paying bail can affect the results of criminal proceedings. Advertisement Continue reading the main story“What we know from operating the Bronx Freedom Fund is that bail is an incredibly coercive lever, mostly on low-income people and communities of color,” Ms. Steinberg said.

Source: New York Times November 13, 2017 04:52 UTC