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SK’s Salyer Posts Bail 09/03/10 6:30pm TDH

The former CEO and owner of Monterey based-S.K. Foods was ordered free on bail today(fri).    Scott Salyer had been trying to gather 300-thousand dollars in cash bond, as well as 6-million dollars in property bond, to gain his freedom until his trial.   The high bail was set after prosecutors alleged he was a flight risk.   Salyer had trouble allowing an estate owned by his daughter’s trust to be used as bail, however he has now secured enough property value from his sister and friends.   He will be confined to his Pebble Beach estate.   Salyer has pleaded not guilty to federal bribery, conspiracy, racketeering, and obstruction of justice charges, relating to an alleged price-fixing and bribery campaign he engaged in while at the ag/food business.    Salyer is expected to be freed this evening.

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