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A company that owns and manages prisons and detention centers and operates others on a concession basis. The company is the largest private corrections company in the United States and manages more than 60 facilities with a designed capacity of 90,000 beds. CCA, incorporated in 1983 by three businessmen with experience in government and corrections, is based in Nashville, Tennessee.[2]
The GEO Group, Inc. ("GEO") is a company headquartered in One Park Place, Boca Raton, Florida.[3][4] GEO is a multi-national provider of governmental services specializing in the management of correctional, detention and mental health and residential treatment in North America, Australia, South Africa and the United Kingdom. GEO operates a broad range of correctional and detention facilities including maximum, medium and minimum security prisons, for profit prisons known as immigration detention centers, minimum security detention centers and mental health and residential treatment facilities.
More than 1,000 agents from Immigration and Customs Enforcement appeared at 6 a.m. at the Swift plants with warrants to search for illegal immigrants. Inside, agents separated American citizens from immigrants, interviewing all the foreign workers and taking hundreds away in buses to immigration detention centers.
n 2007, the Immigration and Customs Enforcement Agency (ICE) conducted 30,407 immigration raids in workplaces, neighborhoods, and public gathering sites such as bus stops and commuter train platforms. The number of raids conducted that year was double the 2006 total. The number of immigrants placed behind bars, for what amounts to the crime of having been born in the wrong place, increased from 256,842 in 2006 to 311,169 in 2007.
BNP Paribas, WF Investment Holdings (a subsidiary of Wells Fargo & Company), BofA Merrill Lynch, Barclays Capital, SunTrust Robinson Humphrey, and JP Morgan Chase have provided $425 million of committed financing, which will be used to finance the all-cash transaction.
Wells Fargo acted as GEO's financial advisor. Akerman Senterfitt served as GEO's legal advisor. Harris Williams & Co. acted as BI's financial advisor, and Bobby Sood acted as BI's industry consultant. Fried Frank served as BI's legal advisor.
Following the rights movements You clamped down with your iron fists, Drugs became conveniently Available for all the kids, Following the rights movements You clamped down with your iron fists, Drugs became conveniently Available for all the kids,
CCA was on the verge of bankruptcy in 2000 due to lawsuits, management problems and dwindling contracts. Last year, the company reaped $162 million in net income. Federal contracts made up 43 percent of its total revenues, in part thanks to rising immigrant detention.
The cost to American taxpayers is on track to top $2 billion for this year, and the companies are expecting their biggest cut of that yet in the next few years thanks to government plans for new facilities to house the 400,000 immigrants detained annually.
Originally posted by Rockpuck
But why are we supposed to care if private prisons or public prisons are housing illegals, so long as they are being arrested?
I know I don't.
Originally posted by Rockpuck
But why are we supposed to care if private prisons or public prisons are housing illegals, so long as they are being arrested?
I know I don't.
Originally posted by buster2010
Originally posted by Rockpuck
But why are we supposed to care if private prisons or public prisons are housing illegals, so long as they are being arrested?
I know I don't.
Wouldn't it be better to arrest the people that are hiring the illegals? If there are no jobs then they wouldn't have a reason to come here.
The current way of dealing with the problem puts all parties EXCEPT the prison system into a lose/lose situation.
Pedro Guzman is among those who have passed through the private detention centers. He was brought to the U.S. by his Guatemalan mother at age 8. He was working and living here legally under temporary protected status but was detained after missing an appearance for an asylum application his mother had filed for him. Officials ordered him deported.
Although he was married to a U.S. citizen, ICE considered him a flight risk and locked him up in 2009: first at a private detention facility run by CCA in Gainesville, Ga., and eventually at CCA's Stewart Detention Center, south of Atlanta. Guzman spent 19 months in Stewart until he was finally granted legal permanent residency.
"It's a millionaire's business, and they are living off profits from each one of the people who go through there every single night," said Guzman, now a cable installer in Durham, N.C. "It's our money that we earn as taxpayers every day that goes to finance this."
In another instance of abuse, it was reported that CCA was charging inmates five dollars per minute for phone calls at one facility in Georgia.
Originally posted by buster2010
When you have prison systems on the stock exchange you know they have to keep them full for maximum profit. After all we imprison more people than any other country.
Fair questions since the Conservatives on election campaign trials have talked of spending billions on building more prisons. But it’s even more fair when you consider that registered as a lobbyist in Ottawa on crime bill issues is none other than The GEO Group Inc., a $1.3-billion dollar American private for profit prison company that trades on the New York stock exchange. Registered with the Office of the Commissioner of Lobbying of Canada as registrant 779026-278825-2 is the THE GEO Group Inc, One Park Place Suite 700, Boca Raton, FL GEO is also listed as the client of The Parliamentary Group, a registered lobbying organization which lists former Reform Party MP Deb Grey as a partner. Grey was the Reform’s first election member of parliament whose legislative assistant is now Prime Minister Stephen Harper. Meanwhile perhaps it is time for prisons to be privatized and contracted out? If the warehousing of violent criminals can be done for less, and that saved money to invest into the law abiding, is it such a bad idea? One group on line thinks it is — urging Canadians to sign their “Say NO to private (for profit) prisons” petition at www.ipetitions.com...