One of the biggest bonds in recent history has been posted in a Bond County drug case.
Jose L. Olivas, age 20 from Mexico, was arrested by Bond County deputies January 28 on a traffic stop on Interstate 70.
His bond was set at $1.5 million with 10 percent needed to be posted for release from custody.
Late last month, Olivas submitted $150,000 to satisfy the 10 percent requirement, and he was released from jail.
On February 8, Olivas pleaded not guilty to the charge of controlled substance trafficking. Its alleged deputies found 12 pounds of cocaine in the car he was driving.
On February 25, the defendant was scheduled for a court appearance, but did not appear. State’s Attorney Dora Mann moved for a bond forfeiture, and Judge Christopher Bauer granted the motion.
A warrant has been issued for Olivas’ arrest. A jury trial is scheduled in the case for March 22.