Wells Fargo STOP Financing Human Suffering!
Wells Fargo and JPMorgan Chase are financing CoreCivic and GEO Group, for-profit prison corporations that are profiting off the pain and separation of families.
Sign on to urge the CEOs of Wells Fargo and JPMorgan Chase to stop financing CoreCivic and GEO Group! #FamiliesBelongTogether #BackersFromHate
Dear Wells Fargo and JPMorgan Chase,
We are outraged by your role in financing CoreCivic and GEO Group, two large for-profit prison corporations that are profiting off the pain and separation of families. Private prison companies hold contracts to operate hundreds of prisons, jails, and immigration detention centers across the country that are being used to incarcerate and separate families.[1]
Two of the private prison industry leaders, CoreCivic and GEO Group, depend on debt financing from banks like yours to conduct their day-to-day business operations, finance new facilities, and acquire smaller companies. An analysis of U.S. Securities and Exchange Commission (SEC) filings over the past 10 years shows that Wells Fargo has played a leading role in financing these debts.[2] In doing so, Wells Fargo is complicit in and profiting from mass incarceration and the criminalization of immigration.
We demand that you immediately stop financing CoreCivic and GEO Group.
Sincerely,
[1] https://news.littlesis.org/2018/06/21/who-is-profiting-from-incarcerating-immigrant-families/
[2] https://www.inthepublicinterest.org/wp-content/uploads/ITPI_BanksPrivatePrisonCompanies_Nov2016.pdf