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Salyer Bail-reduction Request 08/29/10 10:30pm TDH

Lawyers for former SK-Foods C.E.O. Scott Salyer have again requested that bail be reduced for the former Pebble Beach resident.  Salyer is facing several federal charges relating to an alleged price-fixing and bribery campaign he engaged in.   Prosecutors have alleged he is a flight risk, and therefore bail has been set at 6-million dollars in property bond, as well as 3-hundred-thousand dollars cash bond.   Salyer has requested that his sister’s and 2-friends’ properties be allowed as bond, they are valued at 1.75-million dollars.   Prosecutors filed papers last week opposing the lowered-rate.   No hearing date has been set for the bail motion.

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