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Posts Tagged ‘Corrections Corporation of America

Hermitage Capital, Hamilton Securities, and Time to Speak Up… [Published Sept. 20, 2012]

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Post title Hermitage Capital, Hamilton Securities, and Time to Speak Up… [Published Sept. 20, 2012] **

**(With case-sensitive short-link ending “-18o” and about 10,200 words. Tweaked for format 1/1/2019 (yes, New Year’s Day) in response to Bill Browder in the news again.  Most tweaks were to the quotes, and I added some tags, including a few which were phrases summarizing key points as I saw them then (and still do). The background-color and font schemes (for quotes) are ‘all over the place.’ I made no attempt to redeem them or apply classic style consistency…Check out the next image of post tags, and two of the four comments (mine) with more data.  Some of the length is from long quotes…. //LGH.)

These tags indicate some, not all, the content. Two tags are complete sentences, a few refer to books about empires past.  Screenshot was taken 1/1/2019 after I tweaked this post in anticipation of posting excerpts on Twitter, or adding a new post on current events relating to The Magnitsky Act passed in 2012 at the urging of ex-pat U.S. Citizen (see “taxes”) now British hedge fund investor/manager (see Hermitage Capital), Bill Browder.

Tags to my Sept 20, 2012 post (some added Jan 1, 2019) on Hermitage, Hamilton Securities, Bill Browder, Magnitsky Law, and more generally, on the landscape of control. Bottom of image reflects previous & next post titles, showing some of my subject matter focus at that time.


How valuable is life? Does it depend on whose life?  Where’s your outrage and action?

I apologize for my inability (so far) to say this in a concise, trademarkable format.  I tend to the conversational:  “Consider this!”

I caught a hair-raising fragment of a Charlie Rose show; however, this horror story from Russia is NOT unique to Russia, IF we have ears to hear the Hamilton Securities and other similar stories.

Please learn with me….I know my blog isn’t good enough to communicate, but who else is explaining that what they say is unique to Russia isn’t — or isn’t yet — here. It could be anywhere, and is in parts, here.

Charlie Rose Hears Businessman’s Horrific Russian Nightmare That Has Enraged The U.S. Congress

Posted on September 20, 2012 by Brent Lambert

William Browder (born 1964) is the Chief Executive Officer and co-founder of the investment fund Hermitage Capital Management.  The other night he sat down with Charlie Rose and proceeded to share his shocking and devastating story about his experience in Moscow that led to the imprisonment, torture, and eventual death of his lawyer Sergei Magnitsky.

Although Browder was a supporter of Russian president Vladimir Putin, in 2006, after ten years doing business in the country, he was blacklisted by the Russian government as a “threat to national security” and denied entry to the country.  The Economist has accused the Russian government of blacklisting Browder because he interfered with the flow of money to “corrupt bureaucrats and their businessmen accomplices”.  And when you interfere with the corrupt Russian government your life instantly becomes a living hell.  The story that Bill Browder shares with Charlie Rose is so unbelievable it’s hard to imagine that something like this is still possible in 2012.

Is it?…. Not for me…

As Browder explains, his experience has enraged members of the U.S. Congress who are pushing through The Magnitsky Law, named in honor Sergei, which would impose a visa ban and asset freeze against the officials responsible not only for Magnitsky’s murder but also for other human rights abuses, including against individuals who “expose illegal activity” carried out by Russian officials or who seek to “defend or promote internationally recognized human rights and freedoms.” This includes journalists who have been murdered when they have dug too close to powerful officials or oligarchs. It includes human rights activists who have been beaten and crippled or killed for exposing the mistreatment of their fellow Russians.

To learn more about how organized crime has permeated every facet of the Russian Government be sure to visit Russian-Untouchables.com.  You can also read Bill Browder’s full story in his own words by reading his gut-wrenching personal story which he wrote for The Financial Times in 2009 entitled “They Killed My Lawyer.”


It is gut-wrenching.  But, by comparison, what would you call “The Franklin Coverup“** — that also was gut-wrenching, involved the unconscionable, and resulted in several people involved in exposing it meeting their deaths by violent means.

(**Link & this paragraph added 2019, but I’d been posting on it here and on another blog by 2012. Key info! If nothing else, Read foreword, table of contents, epilogue)One father and son investigator were, apparently, blown out of the sky returning from an interview with evidence, in a small plane (Gary Caradori).  The man who’d been hired to investigate their deaths then died under suspicious circumstances (Bill Colby, whom author says he knew well).

(From a diff’t site, regarding Private Investigator Gary Caradori; the year is 1991; after his plane was blown out of the sky, with father, 8-year-old son [and evidence he had just phoned this Senator about before the flight home] on board):

Senator Schmit submitted an affidavit stating that he had been warned that Caradori’s life was in danger. He also wrote a letter to the National Transportation Safety Board regarding the missing backseats of Caradori’s plane: “… I do not know anything about sabotage, but I have been told that a phosphorous type bomb would, in fact, vaporize metal and any other material with which it came in contact and that unless someone knew what they were looking for, it would be difficult, if not impossible, to detect…. I am sure there will be those who will scoff at such a suggestion, but there have been entirely too many violent deaths associated with this investigation….” http://franklinscandal.com/franklinscandal_caradoriinfo3.html (see also “info2” & “info1” urls for previous pages).

[This section + next four annotated (2X2) black-background images from FranklinScandal.com added 1/2019 and deal specifically with Gary Caradori’s evidence and sudden violent death with his son. DeCamp (Wm.Colby longtime friend) in The FranklinCoverup wrote that Colby, assigned to investigate Caradori’s death, also died in completely out-of-character circumstances.]

[Resuming the Sept. 2012 blog text..]


How invested are you, really — in the belief that that’s THERE but HERE it’s much better and significantly different; in the belief that THAT would NOT take place here (or that it has not).  In other words, do you still believe in US sovereignty?

Congress is outraged and ready to pass a law – but this is NOT a U.S. Corporation — the company headquartered in Guernsey and has an office in the Cayman Islands and Moscow. Yet the US Congress inherently moral about human rights abuses, is so enraged about the pilfering of its assets, and torture and murder of its attorney(s)  . . .  not that human rights abuses aren’t outrageous, but . . . . .

But I have to still ask the hard question — why is Congress protecting a non-US firm, while at the same time — and let’s quit pretending, OK? — selling off the assets of its own people who reside here, also treating horribly those who expose local corruption, and running (very profitably) a prison population which is not only a virtual slave labor force, but also a great investment for those who have no conscience about ongoing rapes and sexual assaults of minors in its cages (Correction Corporation of America)? (Read how Alex Friedman, Prison Legal News, an ex-CCA prisoner and now CCA shareholder, obtained 20% of shares to do something about the situation)

Bear with me if it’s a language or concept stretch; but we all ought to know stuff like this.

 

How often do you run across a website with a warning like this?  As a “U.S. Person” I cannot even access this site!  Does that include the “About Us” page? [[I’m not seeking information for purposes of purchase or joining…]]


Our warning and disclaimer below is addressed to you whether you access our site for yourself or for somebody else. You must draw this caution to the notice of anybody for whom you access the Hermitage Capital Management site (the “Site”) and/or who may access the Site using your password and who is thus not compelled to register as a new user.

The Site contains data and facts on investments. These are provided for information only. Hermitage Capital Management Limited reserves the right at any time without notice to (a) change or withdraw the content or format of any part of its site and/or (b) vary or withdraw references or connections to other parts of the Internet and/or (c) restrict your access to parts of the Site.

The format and contents of the site are the copyright property of Hermitage Capital Management Limited. All rights herein are reserved.

Units or shares in the fund(s) described on this or the following page(s) are not available for sale in any jurisdiction in which such sale would be prohibited.

US Investors

If you are a US citizen or resident, or represent a trust which is subject to taxation under US Internal Revenue Service requirements, or represent a partnership or corporation organised under the laws of the United States of America or any state, territory or possession thereof (“US Persons“) you are prohibited by law from buying investments other than those authorised for sale by the SEC. Units or shares in the Funds for which information is provided on this site are not authorised for sale by the SEC and are therefore not available for sale in the United States or to US Persons. Although the information provided on this site is not an invitation to subscribe for shares or units in such Funds, US persons may not access this site. 

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(the Gulag, cont’d.) Politics,Policies,Prisons : The Business of Detention (Case study)

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I’ll be honest. I am VERY concerned about how far down the Road to Serfdom we already are.

Why spend all that energy on human rights, civil rights, legal rights, due process, when who one is dealing with is a calculating policymaker/investor (the door rotates in and out of private and public sectors) who knows a good — business- deal when he (or occasionally, she) sees one?

I found “Corrections Corporation of America” and the Lamar Alexander (Tennessee) connection. I retain a lot of information upstairs, even though words may come out crossed occasionally. I notice anomalies. Or just things that interest me. When I looked at the richest Congresspersons roll, long ago, and the Obamas came out 10th (probably 2008), counting assets, and spouses assets as well — Mr. Alexanders interest in a huge work-site Child Care provider made an impression (see comment to most recent post). OK, so why would someone so interested in child care also be interested in prisons?
The topic of lockup relates to family court matters because violation of law, or contempts, or crimes, obviously could lead there. My research process is real simple. I google, read, and pay attention. It’s not rocket science.

I recognize good reporting when I see it. (A few awards doesn’t hurt either). Too bad more court reform people wouldn’t form the investigative journalism, FOIA, and looking at the Financials habit that these Columbia University journalism grads did:

Business Of Detention Home

Washington, D.C. – CCA plays the game of politics like a pro. After all forty percent of its revenue comes from federal contracts.

The company backs key politicians who support an immigration crackdown, and has intensified its lobbying in order to influence those still on the fence. For good measure, it hires former prison and immigration officials to coordinate its federal relations.

(from interactive graph on site, slide 3 of 4). Notice, graph source is from “opensecrets.org”, another good resource.

“The rest of CCA’s political giving went directly to lawmakers who determine detention funding through their positions on the appropriations committee in the House and Senate. In 2008, the committees approved a $2.3 billion budget for ICE detention and deportation of undocumented immigrants, including funds for an additional 4,870 new beds. More than half the senators backed by CCA’s PAC are on the appropriations committee, and four of them are on the subcommittee on Homeland Security.”

Maybe some mothers and fathers who want Family Court Reform ought to spend a little more browsing (and submitting testimony) time on the House Ways and Means Committee, where many programs affecting the courts are. (see some of my posts). CCA knew right where to go to get their policies through.

One CCA-backed appropriations committee member deserves special mention. Former Tennessee governor, Senator Lamar Alexander (R-TN) received $31,200 from 2003-2008 from the Nashville-based company and its employees, spouses and their subsidiaries, according to Federal Election Commission documents. Alexander’s history of supporting CCA includes endorsing its failed bid in 1985 to take over the Tennessee prison system.

In the House, CCA’s PAC gave $5,000 to Rep. Hal Rogers (R-KY), who sits on the Subcommittee on Homeland Security Appropriations. Another $2,500 went to fellow committee member John Carter (R-TX) who is also on the Committee on Homeland Security. Carter’s district is where CCA’s T. Don Hutto family residential center is located. He is a major advocate for “a system of 100 percent catch and return.”

Republican members of the House Immigration Reform Caucus reaped CCA’s support for backing the Secure America though Verification and Enforcement Act. The Act calls for expediting “the removal of illegal aliens by expanding detention capacity.

I have a question. Suppose, very hypothetically, all illegal aliens (that’s people…) WERE removed? Then what about all that prison capacity? Hmmm??? Maybe another Kids for Cash scenario? (As if aspects of the child protective services, and foster care incentives, and child support agency system(s) weren’t already this…)

WELL, some people – shareholders — wanted to know what was going on with all this money:

In 2007, the company fought a shareholder resolution that requested semi-annual reports on the company’s political contributions and expenditures.

“Absent a system of accountability, corporate executives are free to use company assets for political objectives that are not shared by and may be inimical to the interests of a company and its shareholders,” argued Sisters of the Blessed Virgin Mary Investment Program, who introduced the failed measure to force CCA to disclose payments it makes to trade associations, political recipients and soft money entities such as 527s.

To influence lawmakers who did not receive direct donations, CCA has spent millions on lobbyists. They got what they asked for.

And we even got a corporate (CCA) counsel taking a spin at a judgeship in Tennessee. That should help:

CCA’s general counsel, Gustavus Puryear IV, could give the revolving door another turn. Puryear made headlines this year when President Bush nominated him for a federal judge seat in the Middle District of Tennessee, where CCA is headquartered. Puryear has worked as a speech writer for Vice President Dick Cheney. He testified during a Senate hearing that he would recuse himself from cases involving the company.

WELL, this is just a flavor. Not only does this subject matter overlap with family court, but take note of these TWO students’ masters’ thesis project.  The same principles apply in organizations which are close to the federal faucet through HHS (see “What Decade Are These Stores?” post.). I notice that the Loop21.com article noticed a n Arizona connection. (bottom of last post)

from their ABOUT BD link — and I also added this link to my blogroll:

Our desire was to create an innovative way to present the business of privatized detention services — using solid reporting skills and pairing that up with video and interactive info graphics. This was also an experiment for us in creating a platform for a news product, that largely went under reported in mainstream news when we started the Corrections Corporation of America investigative project in late 2007. That project became the first investigative-new media project for the University and has since won the Melvin Mencher Award for Superior Reporting and James A. Wechsler Award for National Reporting, and a finalist at the 2009 SXSW Interactive Awards.

This link is to a “money.cnn” report focusing on Arizona, where a bid was made to privatize the entire state’s prisons.

According to research firm IBISWorld USA, private corrections is a $22.7 billion industry with an annual growth rate in the last half-decade of 4.7%. While growth slowed from 2009 to 2010, projections for the industry remain largely optimistic.

The prison population continues to grow regardless of what the economic conditions are,” says George Van Horn, senior analyst at IBISWorld.

According to the Bureau of Justice Statistics, the number of federal inmates housed in private facilities jumped nearly 14% between 2000 and 2007, and nearly 6% between 2007 and 2008.

Even so, the federal government nor any other state has gone as far as Arizona has in the march toward prison privatization. Last fall, Governor Brewer signed a law calling for the privatization of all the state’s prisons, should a private contractor offer an upfront bid of $100 million. This March, the law was repealed because no private company made a bid.

A prison too far?

But with the recent escapes, officials in Arizona and elsewhere have started to question the use of private correctional facilities. When Arizona’s privatization bill passed, the state’s director of corrections, Charles L. Ryan, took the unusual step of writing a letter to Governor Brewer expressing concern.

“[The bill] seeks to attempt something never experienced in the nation: Privatizing a state’s entire prison system. This is bad public policy,” the letter read.

“This escape has put everything in stark relief,” says Goddard. “A private company has an acceptable level of loss. In the case of violent offenders, I don’t believe the public does or should tolerate any incidence of failure.

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