In May Li was arrested in Hillsborough, a wealthy suburb 20 miles south of San Francisco. She was reportedly arrested in May in her mansion that featured a fleet of exotic cars including a Rolls-Royce and Ferrari.
Her family put up $4 million in cash and — with the help of friends — about $70 million in properties, Fox 2 reported, noting that the law requires the equity of the homes to be twice the bail.
“I was surprised at the number of people that came forward,” her attorney said. “She is well-liked in the community and is a straight shooter. I think people believe she is not guilty.”
California requires twice the bail amount if property is used instead of cash. She must remain on house arrest and submit to round-the-clock electronic monitoring until her September trial if she’s released Thursday.
“Somebody told me it’s one of the largest bails to be posted in the United States,” District Attorney Steve Wagstaffe told The Mercury News. “I have to imagine it’s one of the larger ones. Certainly for San Mateo County it’s without precedent.”