Tuesday, October 07, 2014
Banks, Prisons & Profits; JPAY
Its one heck of a hustle; to bilk the poor out of monies they send to prisons for their incarcerated loved ones. Who would'a thought that privatized prison management includes privatized money lending overseers who takes huge percentages off the top from monies meant for the someone in need?
Talk about paying for a crime committed; this practice of taking from the poor, in some cases forcing families to use what amounts to a money laundering service, in order for an imprisoned family member to receive cash gifts from outside the prison is c-r-i-m-i-n-a-l. Some prisons no longer accept money orders, only money transactions processed through their designated financial firm.
Reminds me of a chrome plated license plate I once saw on a fancy car in Manhattan years ago; ¢RIME P8Y$
While many of us law-abiding citizens are focused on the criminal actions of offenders getting caught, prosecuted and jailed for crimes, most never consider the private businesses that prey on the imprisoned offender and their families. Some might call it justice, but its a blind justice at best when you see poor families paying high fees to correctional institutions through their financial firm partners.
I read an article today in the San Francisco Chronicle (Justice for all - if you have cash). In it, Columnist Jon Carroll speaks on the subject of private prisons and sheds light on JPay, a firm that handles financial transactions for the prisons.
Its a subject that needs to be dragged out into the light, analyzed and hopefully changed so that poor people in jail are not victimized by a system that we as tax paying citizens endorse. Let's educate ourselves and go after all criminals that prey on our system.
Prison bankers cash in on captive customers
MegaBanks have the federal prison system locked up