Sen. Elizabeth Warren (D-MA) benefited financially from the existence of private prisons despite vowing to ban them on the grounds that they are “profiteering off cruelty,” a report from the Washington Free Beacon revealed.
Warren pledged in June to ban private immigration centers and private prisons, detailing the vow in a Medium post.
“There should be no place in America for profiting off putting more people behind bars or in detention,” Warren wrote:
We didn’t get here by chance. Washington works hand-in-hand with private prison companies, who spend millions on lobbyists, campaign contributions, and revolving-door hires — all to turn our criminal and immigration policies into ones that prioritize making them rich instead of keeping us safe.
“That’s why I will shut down the use of federal private detention facilities by ending all contracts that the Bureau of Prisons, ICE, and the U.S. Marshals Service have with private detention providers,” Warren continued, accusing private prisons of engaging in “exploitation, plain and simple.”
Records: Anti-DEI Republican Helped Install Ideology at Texas Health Center
Dan Bongino Explains to ‘Full-Diaper Media Morons’ Difference Between Being Podcaster And FBI Deputy Director
World Health Organization says US withdrawal makes the nation and the world ‘less safe’
Grieving families of DC midair collision say more needs to be done to fix safety concerns one year after tragedy
Anti-ICE agitators clash with federal agents at Minneapolis hotel, as agents deploy tear gas, flashbangs
JD Vance shares ‘crazy’ story of ICE and CBP officers being mobbed in Minneapolis
Federal immigration officials privately fume over DHS claims after deadly Minnesota shooting
Trump confirms federal review of Minneapolis shooting that killed nurse: ‘Reviewing everything’
The far-left network that helped put Alex Pretti in harm’s way, then made him a martyr
Bill Clinton says Trump admin ‘told us not to believe what we’ve seen’ after latest Minnesota shooting
Video shows masked robbers crash car through jewelry store entrance, steal owner’s gun in brazen heist
Barack and Michelle Obama slam ICE after Minneapolis shooting, urge accountability
Tim Walz compares Minnesota ICE actions to Holocaust and Anne Frank: ‘Hiding in their houses’
ICE says violent mob helped criminal escape and left ICE agent permanently maimed
Iran may have killed over 30,000 protesters in two days: Report
She even implicated the Trump administration, accusing it of luring in private prison companies, which “saw their chance to run the same playbook for our immigration system.”
Despite those pleas, Warren has benefited financially from the existence of private prisons.
According to the Free Beacon, Warren invested tens of thousands of dollars — $50,000 — in a Vanguard Group fund which “owned hundreds of millions of dollars worth of shares in leading private prison companies. While she sold her stakes in that fund in 2013, the Free Beacon noted that it was “the largest shareholder of America’s largest private prison corporation” at the time.
The Free Beacon reported:
Warren invested in Vanguard Target Retirement 2025—a retirement account run by the Vanguard Group, an investment management company—which in turn invested more than 30 percent of its money in Vanguard’s domestic stock index fund. Vanguard was the top shareholder of Corrections Corporation of America (CCA), and one of the largest of GEO Group, both private prison companies, according to data from the Securities and Exchange Commission. Vanguard owned more than 12 million CCA shares and nearly 9 million GEO Group shares, which were worth roughly $456 million and $216 million, respectively, in March 2013.
CCA, now called CoreCivic, was already the country’s largest owner of private prisons in 2013, according to an annual report. The company owned or controlled more than 50 correctional or detention facilities in the country, “with a total design capacity of approximately 86,000 beds in 20 states and the District of Columbia.” GEO Group is also one of the largest private prison providers in the country with 66 prison facilities across the world as of 2013. The two companies also operate many Immigration and Customs Enforcement (ICE) detention facilities for illegal immigrants.
Records: Anti-DEI Republican Helped Install Ideology at Texas Health Center
Dan Bongino Explains to ‘Full-Diaper Media Morons’ Difference Between Being Podcaster And FBI Deputy Director
World Health Organization says US withdrawal makes the nation and the world ‘less safe’
Grieving families of DC midair collision say more needs to be done to fix safety concerns one year after tragedy
Anti-ICE agitators clash with federal agents at Minneapolis hotel, as agents deploy tear gas, flashbangs
JD Vance shares ‘crazy’ story of ICE and CBP officers being mobbed in Minneapolis
Federal immigration officials privately fume over DHS claims after deadly Minnesota shooting
Trump confirms federal review of Minneapolis shooting that killed nurse: ‘Reviewing everything’
The far-left network that helped put Alex Pretti in harm’s way, then made him a martyr
Bill Clinton says Trump admin ‘told us not to believe what we’ve seen’ after latest Minnesota shooting
Video shows masked robbers crash car through jewelry store entrance, steal owner’s gun in brazen heist
Barack and Michelle Obama slam ICE after Minneapolis shooting, urge accountability
Tim Walz compares Minnesota ICE actions to Holocaust and Anne Frank: ‘Hiding in their houses’
ICE says violent mob helped criminal escape and left ICE agent permanently maimed
Iran may have killed over 30,000 protesters in two days: Report
Warren’s investment in the fund stands in stark contrast with the presidential candidate’s accusatory remarks over the summer, in which she accused private prisons and the financial beneficiaries of “profiteering off cruelty.”
Story cited here.
