Kodak Black Will Use $600,000 House as Collateral, to Be Released on Bond

Kodak Black Will Use $600,000 House as Collateral, to Be Released on Bond

Will Use $600,000 House as Collateral, to Be Released on Bond

Will Use $600,000 House as Collateral, to Be Released on Bond: Kodak is currently locked up in Miami Federal Detention Center, but if all goes according to plan, he’ll be out soon. A big part of that plan involves using his home as a bond to post his $550,000 bail.

Speaking with the ABC News, Kodak’s attorney, Bradford Cohen, revealed that Kodak plans to use his $600,000 Florida home as collateral for his $550,000 bond the court set on Wednesday (May 15).

Kodak, whose legal name is now Bill Kapri, was arrested by state and federal authorities on firearms charges in Miami last Saturday (May 11). Kodak made his first court appearance for the case on Monday (May 13), and in the indictment for the case, it was revealed that the rapper was charged with two counts of making a false statement in connection with the acquisition or attempted acquisition of a firearm.

Prosecutors say Kodak lied when filling out the government paperwork required to purchase a registered firearm. They say Kodak checked the “no” section of a question that asked if he was under any felony indictment. The problem is that Kodak was indicted for criminal sexual conduct for 2016 case he caught in South Carolina.

Speaking about the case this past Monday, Cohen said that legal jargon makes governmental documents like the Firearms Transaction Record (Form 4473), which is the paperwork Kodak had to fill out to purchase a registered firearm, hard to interpret.

“When you throw around legal terms like an indictment, information, or anything like that where someone’s not an attorney, [the federal government is] making the assumption that you know what that means,” Cohen said at the time.

If convicted on the two aforementioned counts, Kodak could face a maximum of 10 years in prison.

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