The Banks Profiting from Immigrant Family Incarceration

June 21, 2018
LenderLender$1.275 billion credit agreement$1.275 billion credit agreement$1.275 billion credit agreement$1.275 billion credit agreementBig lender/underwriterBig lender/underwriterBig lender/underwriterBig lender/underwriterBig lender/underwriterBig lender/underwriterBig lender/underwriterBig lender/underwriterBig lender/underwriterBig lender/underwriterBig lender/underwriterBig lender/underwriterBank of AmericaCorporationJPMorgan Chase &Co.Wells FargoGeneral DynamicsCorporationUS BankSunTrust BankBNP ParibasCoreCivicGEO GroupRoyal Bank ofCanadaMVM Inc.ComprehensiveHealth ServicesInc
 

Sun Trust, MVM, Comprehensive Health Services

SunTrust bank has big lending agreements with two family separation profiteers -  MVM Inc. and Comprehensive Health Services.

MVM Inc., is a privately-held defense contractor based in Ashburn, Virginia. According to the Daily Beast, the company has ICE contracts for the transportation of unaccompanied children that have earned it $43 million since September 2017, and was awarded a contract worth up to $8 million over the next five years to “provide assistance in emergency shelter operations for unaccompanied children.”

Additionally, Comprehensive Health Services has won three contract awards worth up to $65 million since September 2017 for emergency shelter operations and support services. 

[For a more complete run-down of the companies profiting from incarcerating immigrant families, check out our blog post here.]