NJ Sells Stake In Prison Company That Runs Delaney Hall: Report

NEWARK, NJ — The state public worker pension fund has unloaded hundreds of thousands of dollars in corporate bonds over “financial concerns” involving the company that runs Delaney Hall in Newark, a report says.

New Jersey’s public worker pension fund sold Geo Group Inc. corporate bonds valued at more than $800,000 earlier this year, NJ Spotlight News reported Monday. Read the full article here.

A spokesperson for the treasury department said the sale was due to “financial concerns that changed the company’s investment-risk profile.”

According to NJ Spotlight, the state pension fund remains invested in another private company that does business with federal immigration authorities: Palantir Technologies.

• Related: New Tech Tracks Immigrants For ICE, Protesters Tell NJ To Dump Palantir Stock

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