Free Genarlow Wilson: the $1 Million Man Speaks to ABC

Genarlow Wilson, a 21-year-old man from Georgia, still sits in jail today despite the fact that earlier this month a judge declared his 10-year felony sentence a "grave miscarriage of justice" and ordered him freed.

Wilson has already served two years of his sentence for receiving consensual oral sex from a 15-year-old girl when he was 17.

A bond hearing is set for July 5, but Wilson's attorney B.J. Bernstein argues on a Web site she set up for Wilson that the hearing would be unnecessary if Douglas County District Attorney David McCade would agree to set bail. Bernstein argues there is no reason why Wilson can not be freed while Georgia Attorney General Thurbet Baker appeals the decision.

The Price for Freedom? $1 Million

On Monday New York City investment manager Whitney Tilson announced that he and 10 other business managers would immediately wire a $1 million cash bond for Wilson's release.

Tilson, also a founder of Teach for America, a highly selective program that places college graduates into severely underprivileged schools, told ABC News that although he at first did not want to go public with his bond offer, he realized that $1 million could help to draw more attention to Wilson's case. Tilson said he hopes to take some small part in righting what he also calls a "miscarriage of justice."

"When I first heard about the case in a New York Times editorial, I Googled Genarlow Wilson and came across," Tilson said. "So I contacted Wilson's attorney to see if there was anything I could do…I didn't think I would hear from her but I got a phone call last Thursday and she said that a million dollar cash bond could help."

'Enormous Tragedy'

"It's deliberately an exceedingly large number," Tilson added. "The million dollars is meant to show how passionately we believe that every single day this young man sits in prison it is a continuance of this miscarriage of justice."

Wilson's attorney said she feels an appropriate bail for Wilson could be as low as $25,000.

Tilson was very happy to donate his $100,000 share. He then solicited friends — many of them also money managers — to put up the rest of the funds. "I contacted 20 friends and half of them said yes," Tilson told ABC News.

As a founder of Teach for America and a board member of KIPP (Knowledge Is Power Program) — an organization that supports a network of charter schools — Tilson was in a unique position to evaluate Wilson's extreme predicament.

Celebrating, Not Incarcerating

"In reading Genarlow's story I can appreciate the enormous obstacles he has had to get where he was," Tilson told ABC News. "He had a 3.2 GPA, he stayed out of trouble — he is the kind of person we in this country should be celebrating, not incarcerating. There is no question that he was reckless and foolish on that night but there is such a disconnect between the nature of his transgression and the punishment."

"It is an enormous tragedy. A young man was on his way to college and now his whole life is destroyed — and for what?"

Tilson also notes that while the Georgia state legislature has since changed the law that allowed Wilson to be punished for consensual oral sex with another teenager, the new law does not apply retroactively and so it does not help in Wilson's case.

"This borders on the absurd," Tilson said. "My hope is that basic humanity and common sense would eventually prevail here. Genarlow has suffered enough."

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