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    CUNY financially tied to private prison industry

    CUNY invests thousands of dollars into private prison companies, said documents obtained by CUNY Prison Divest through a Freedom of Information Act request. The documents revealed CUNY invested $275,200 in total in private prisons as of September 2014. It invested $248,900 in G4S, one of the top private prisons in the U.K. Moreover, it invested $13,300, $8,400 and $4,600 in Corrections Corporations of America, GEO Group Inc. and Aramark, respectively. A private prison operates as a contractor for governmental agencies to house inmates in either public or private jails. Its use surged in the 1980s due to overcrowding, a result of the War on Drugs. This new information gave legitimacy…