If business is so good, why did CCA lose two contracts for new prisons in Georgia last year when neither the state nor the feds had enough prisoners to fill them? And why was the private prison in Ocilla nearly sold at auction? Why this year was Gladiator School closed and two other CCA prisons cancelled? And all that was before U.S. DoJ announced today it will “avoid charging certain low-level and nonviolent drug offenders with crimes that carry mandatory minimums”.
Ed Arnold wrote for Memphis Business Journal 23 July 2013, Corrections Corp. of America debunks Anonymous report,
As reported on Monday, the computer hacking collective known as Anonymous Analytics published a blog warning investors that a declining prison population and reforms designed to reduce incarceration rates in the U.S. point to shrinking revenue for Corrections Corporation of America (NYSE: CXW) going forward.
CCA flatly denied the Anonymous Analytics conclusions in a statement.
CCA apparently didn’t dare link to the actual report. Anonymous Analytics wrote 9 July 2013, Corrections Corporation of America: The Dismantling of a National Disgrace, Continue reading