Wells Fargo invests in privatized immigration prisons

by Truth Thursday, Dec. 01, 2011 at 8:00 PM

Facts on Wells Fargo's investments in GEO Group

Wells Fargo is one of the largest institutional investors in GEO Group, holding more than 3.5 million shares or million dollars in the private prison corporation.

Geo Group is the second largest prison corporation in the world. GEO’s facilities include prisons, immigration detention centers, and juvenile detention centers where people have suffered from inadequate medical care and unsafe and unsanitary conditions. Deaths, riots, and hunger strikes at GEO’s facilities are indicative of GEO’s culture of cruelty and underscore the need to end construction of new GEO facilities.

Original: Wells Fargo invests in privatized immigration prisons