Ex-con becomes private prison investor to expose systematic rape by employees [View all]
By Scott Kaufman
snip:
Now, Friedmann is attempting to use the rules of the Securities and Exchange Commission (SEC) against both the company that imprisoned him, CCA, and the other largest for-profit prison company, the GEO Group. He purchased shares of stock in both companies, which allow him to attend the annual shareholder meetings and ask uncomfortable questions.
I would ask questions like, Why do your employees keep raping prisoners? Friedmann told VICE News. Of course they dont have a good response, other than Were doing the best job we can.
In 2010, he purchased $2,000 in CCA stock, which according to SEC rules allows him to submit shareholder resolutions at the annual meetings. CCA is the company in charge of the so-called gladiator school prison in Idaho, in which control of the prison was turned over to inmate gangs to save money on guards.
The first resolution he brought to the table was for the company to provide biannual reports on rapes that occurred in CCA-operated prisons.
They really went haywire when I did that, Friedmann said. They didnt like it.
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http://www.rawstory.com/rs/2014/03/24/ex-con-becomes-private-prison-investor-to-expose-systematic-rape-by-employees/