Millions of US taxpayer dollars are being invested into private prison operators involved in the detention of thousands of migrants across the United States, an investigation shows.
Immigration agency secretly searches millions of Americans’ ID photos
Some of the largest investments, which are by pension funds for public sector workers such as teachers and firefighters, come from states with “sanctuary” policies, such as New York, California and Oregon.
Nationwide, at least 20 pension funds and plans have invested in Geo Group or CoreCivic, the two biggest private prison operators, according to a Guardian/Documented analysis of US Securities and Exchange Commission (SEC) filings.
These funds range from big organizations like the California Public Employees’ Retirement System (CalPers), which manages $81bn in stock holdings, to the more modestly sized funds like the New Mexico Educational Retirement Board, which manages about $2.3bn.
Public worker funds across the US have at least $67m currently invested in the two companies, according to filings from the first quarter of 2019, which probably show just a portion of […]
