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NorthCarolina

(11,197 posts) Wed Dec 23, 2015, 11:00 AM Dec 2015

Private Prison Exec Waves Off Criminal Justice Reform, Predicts More Profits

A senior executive with the second-largest for-profit prison company in America assured investment bankers last summer that despite talk of drug policy and criminal justice reform, the country will continue to “attract crime,” generating new “correctional needs.”

“The reality is, we are a very affluent country, we have loose borders, and we have a bad education system,” said Shayn March, the vice president and treasurer of the Geo Group. “And all that adds up to a significant amount of correctional needs, which, thankfully, we’ve been able to help the country out with and states with by providing a lower cost solution.”

The previously unreported remarks were made during a presentation at the Barclays High Yield Bond & Syndicated Loan conference in June.

https://theintercept.com/2015/12/22/geo-group-explains-crime/

I suspect this guy is in for a world of hurt if Bernie is elected (which appears will be the case).

4 replies

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Highlight:

Private Prison Exec Waves Off Criminal Justice Reform, Predicts More Profits (Original Post) NorthCarolina Dec 2015 OP

Marco Rubio is a fan of GEO Group IDemo Dec 2015 #1

Campaign finance reform would help curtail this. JonathanRackham Dec 2015 #2

The wrong people are in jail. JEB Dec 2015 #3

I'm sure Hillary was bitterly disappointed when her private prison bundlers were exposed. Scuba Dec 2015 #4

IDemo

(16,926 posts)

1. Marco Rubio is a fan of GEO Group

Reply to NorthCarolina (Original post)

Wed Dec 23, 2015, 11:09 AM

Dec 2015

Marco Rubio is one of the best examples of the private prison industry’s growing political influence, a connection that deserves far more attention now that he’s officially launched a presidential bid. The U.S. senator has a history of close ties to the nation’s second-largest for-profit prison company, GEO Group, stretching back to his days as speaker of the Florida House of Representatives. While Rubio was leading the House, GEO was awarded a state government contract for a $110 million prison soon after Rubio hired an economic consultant who had been a trustee for a GEO real estate trust. Over his career, Rubio has received nearly $40,000 in campaign donations from GEO, making him the Senate’s top career recipient of contributions from the company.

https://www.washingtonpost.com/posteverything/wp/2015/04/28/how-for-profit-prisons-have-become-the-biggest-lobby-no-one-is-talking-about/