Trump immigration crackdown boosts private prison profits

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Federal agents detain a person exiting a court hearing at immigration court at the Jacob K. Javitz Federal Building on August 06, 2025 in New York City. (Getty Images via AFP)
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Federal agents detain a person exiting a court hearing at immigration court at the Jacob K. Javitz Federal Building on August 06, 2025 in New York City. (Getty Images via AFP)
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Updated 07 August 2025
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Trump immigration crackdown boosts private prison profits

  • Geo Group, one of the two leading US private prison companies, said the White House’s policies will fuel their growth for the foreseeable future
  • The Florida-based group reported profits of $29.1 million and is adding thousands of beds for detainees at sites around the United States
  • CoreCivic, the other leading private prison company, lifted its financial targets after reporting that second-quarter profits more than doubled to $38.5 million

NEW YORK: One of the biggest US private prison companies announced a share repurchase program on Wednesday, the latest sign of an industry boom from President Donald Trump’s crackdown on illegal immigration.
Geo Group, one of the two leading US private prison companies, said the White House’s policies will fuel their growth for the foreseeable future, even as executives pointed to staffing and infrastructure limitations that could constrain the Trump administration’s mass deportation agenda.
The US Immigration and Customs Enforcement agency’s target of hiring 10,000 workers is “very expensive and very complicated,” said Geo Executive Chairman George Zoley, predicting it will “take a long time” to reach that figure.
“You need more people to go across the country and identify people who are here unlawfully,” Zoley said on a conference call. “One person doesn’t go out and do this job by themselves. It’s a whole team of people.”
Florida-based Geo, which is adding thousands of beds for detainees at sites around the United States, reported profits of $29.1 million after losing $32.5 million in the year-ago period. Revenues rose 4.8 percent to $636.2 million.
The company, which is also seeing growth in its transportation business for ICE, said its board had authorized $300 million in share repurchases.
Company officials expect more of a revenue increase in 2026 from the ICE crackdown. By that point, four facilities currently being activated will be at capacity, resulting in annual revenues of $240 million.
Geo also has another 5,900 beds at six company facilities that are currently idle. If fully utilized by ICE, they could yield another $310 million in annual revenues, Zoley said.
But company officials suggested a widely-discussed Washington target of one million deported annually could be difficult in light of the constraints facing the operation.
Trump’s multi-year fiscal package approved by Congress in July triples ICE’s detention budget to $45 billion over four years. Administration officials have said they need 100,000 beds at detention centers to reach their mass-deportation goals.
Zoley estimated that private companies currently have capacity for 75,000 or 80,000 beds, leaving a gap that could be met at military bases or by the US states.
“They are communicating with many red states in particular,” said Zoley, who mentioned Florida, Texas and Louisiana among the Republican-controlled states whose public sectors are being enlisted.
“These are unchartered waters for the agency to expand their platform of detention nationally... to literally more than double the size of the previous administration,” he said. “It can’t be done overnight.”
Shares of Geo rose 2.6 percent.
After the stock market closed, CoreCivic, the other leading private prison company, lifted its financial targets after reporting that second-quarter profits more than doubled to $38.5 million.


Russian poisonings aim to kill — and send a message

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Russian poisonings aim to kill — and send a message

  • Neurotoxin epibatidine, found in Ecuadoran frogs, was identified in laboratory analyzes of samples from Navalny’s body
  • Even if a poisoning can fail — some targets survived, such as Yushchenko and Skripal — it also serves to send a message
PARIS: Polonium, Novichok and now dart frog poison: the finding that Russian opposition leader Alexei Navalny was killed with a rare toxin has revived the spectre of Moscow’s use of poisons against opponents — a hallmark of its secret services, according to experts.
The neurotoxin epibatidine, found in Ecuadoran frogs, was identified in laboratory analyzes of samples from Navalny’s body, the British, Swedish, French, German and Dutch governments said in a joint statement released on Saturday at the Munich Security Conference.
“Only the Russian state had the means, motive and opportunity to deploy this lethal toxin,” said Britain’s Foreign Office, with the joint statement pointing to Russia as the prime suspect.
The Kremlin on Monday rejected what it called the “biased and baseless” accusation it assassinated Navalny, a staunch critic of President Vladimir Putin who died on February 16, 2024, while serving a 19-year sentence in a Russian Arctic prison colony.
But the allegations echo other cases of opponents being poisoned in connection — proven or suspected — with Russian agents.
In 2006, the Russian defector Alexander Litvinenko was killed by polonium poison in London. Ukrainian politician Viktor Yushchenko, campaigning against a Russian-backed candidate for the presidency, was disfigured by dioxin in 2004. And the nerve agent Novichok was used in the attempted poisoning of former double agent Sergei Skripal in the UK in 2018.
“We should remain cautious, but this hypothesis is all the more plausible given that Navalny had already been the target of an assassination attempt (in 2020) on a plane involving underwear soaked with an organophosphate nerve agent, Novichok, which is manufactured only in Russia,” said Olivier Lepick, a fellow at the Foundation for Strategic Research specializing in chemical weapons.

Toxin ‘never been used’

“To my knowledge, epibatidine has never been used for assassinations,” Lepick added.
Until now, the substance was mainly known for its effect on animals that try to attack Ecuadoran poison dart frogs.
“It’s a powerful neurotoxin that first hyperstimulates the nervous system in an extremely violent way and then shuts it down. So you’ll convulse and then become paralyzed, especially in terms of breathing,” said Jerome Langrand, director of the Paris poison control center.
But to the scientist, using this substance to poison Navalny is “quite unsettling.”
“One wonders, why choose this particular poison? If it was to conceal a poisoning, it’s not the best substance. Or is it meant to spread an atmosphere of fear, to reinforce an image of power and danger with the message: ‘We can poison anywhere and with anything’?” he said.

Russian ‘calling card’

For many experts, the use of poison bears a Russian signature.
“It’s something specific to the Soviet services. In the 1920s, Lenin created a poison laboratory called ‘Kamera’ (’chamber’ in Russian), Lab X. This laboratory grew significantly under Stalin, and then under his successors Khrushchev and Brezhnev... It was this laboratory that produced Novichok,” said Andrei Kozovoi, professor of Russian history at the University of Lille.
“The Russians don’t have a monopoly on it, but there is a dimension of systematization, with considerable resources put in place a very long time ago — the creation of the poison laboratory, which developed without any restrictions,” he added.
Even if a poisoning can fail — some targets survived, such as Yushchenko and Skripal — it also serves to send a message, and acted as “a calling card” left by the Russian services, according to Kozovoi.
“Poison is associated in the collective imagination and in psychology with a terrible, agonizing death. The use of chemical substances or poisons carries an explicit intention to terrorize the target and, in cases such as Litvinenko, Skripal or Navalny, to warn anyone who might be tempted to betray Mother Russia or become an opponent,” said Lepick.
“A neurotoxin, a radioactive substance, or a toxic substance is much more frightening than an explosive or being shot to death.”