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Criminal Law

: Grits for Breakfast

Family, debt, risk and private prisons

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Coupla more private prison stories worth noting:A Family AffairForrest Wilder at the Texas Observer has a story on the Lucio family's relationships to a private prison firm, which has hired state Rep. Eddie Lucio III to lobby the city of Weslaco for a private prison deal. His father, a sitting state senator, performed consulting work for the same company in 2003-2004.Debt, Risk and the Geo GroupTexas Prison Bidness brings word that the Geo Group gobbled up yet another competitor, adding to its already enormous debt load and making it the second largest private prison company on the planet, behind Corrections Corporation of America. Reported the Financial Times:The Geo Group offered about $385m for Cornell Companies in a mixture of cash and stock, valuing the company at about $24...continue to full post

Full post as published by Grits for Breakfast on April 24, 2010 (boomark / email).

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