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‘A New Level of Corruption’: DHS Bought ICE Warehouses From Trump Cronies For 10x Markup (www.commondreams.org)

submitted 3 hours ago by CubitOom@infosec.pub to c/progressivepolitics@lemmy.world

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cross-posted from: https://infosec.pub/post/46851371

According to Michael Wriston, an ex-military analyst and investigative journalist who tracked the enormous markups for several of these warehouse purchases for his website Project Salt Box back in March, “across more than a dozen warehouse acquisitions, ICE paid prices that exceeded both prior property valuations and recent market comparables at nearly every site.”

For one warehouse in Surprise, Arizona, previously valued at just under $12 million, ICE paid over $70 million. For another in Social Circle, Georgia, valued at about $30 million, the agency paid nearly $130 million.

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[–] CubitOom@infosec.pub 5 points 3 hours ago

According to Michael Wriston, an ex-military analyst and investigative journalist who tracked the enormous markups for several of these warehouse purchases for his website Project Salt Box back in March, “across more than a dozen warehouse acquisitions, ICE paid prices that exceeded both prior property valuations and recent market comparables at nearly every site.”

For one warehouse in Surprise, Arizona, previously valued at just under $12 million, ICE paid over $70 million. For another in Social Circle, Georgia, valued at about $30 million, the agency paid nearly $130 million.