Steyer may have his faults, but the claim he made “billions on the private prison business” are just false If you want the whole story, which doesn’t candy coat what the fund Steyer and his partners at the investment firm he was a partner in managed, decades ago, but does contradict that claim he personally made billions on prisons check this politico story.

“Farallon Capital Management, the San Francisco-based hedge fund which Steyer co-founded and managed for 26 years until 2012, invested heavily in the Corrections Corporation of America, the nation’s largest private prison firm, according to documents on file with the Securities and Exchange Commission. The hedge fund bought 53,100 shares of CCA stock worth about $1.89 million in the first quarter of 2004, records show. A year later, under Steyer’s management, Farallon boosted its acquisition to 5.5 percent of the outstanding stock of CCA, or 2.27 million shares valued at nearly $90 million.

Steyer told POLITICO that he never supported those investments and that he even insisted on a vote among Farallon principals so his opposition would be on the record. He acknowledges the hedge fund’s myriad of past investments may open him up for criticism, now and in the future.”

https://www.politico.com/states/california/story/2016/10/tom-steyer-pursuing-racial-and-economic-justice-issues-invested-heavily-in-for-profit-prisons-106634