How Technology Can Play a Key Role in Criminal Justice Reform #28

Hi Everyone and Welcome Back!

This week on 🎧The Nick Halaris Show we are featuring another inspiring civic entrepreneur, Michelle Mbekeani.  Michelle is a prosecutor, criminal justice advocate, and the founder and CEO of Period, a subscription based digital platform that gives incarcerated people access to free legal service and advocacy for innocence and post-conviction relief.  I wanted to have her on the show to learn more about the justice reform movement and to highlight her mission with Period. 

Ready to dive in? Listen to this episode on Apple Podcasts, Spotify, Google Podcasts, Amazon Music and Youtube or on your favorite podcast platform.

With 2.3M people in prison, the US has the largest incarcerated population in the world, larger even than China, which has 1.65M prisoners and 4 times the population.  We also have a massive systemic racism problem and it’s made our justice system far from fair for minorities and the economically disadvantaged.  In the wake of George Floyd, there has been a resurgence in criminal justice reforms across the country and experiments with many new laws and policies, like bail reform, are already underway in the more progressive states.  Today, these reforms are under increasing scrutiny as reports of brazen criminal activity have surged around the country.  Michelle is someone who has dedicated her life to justice reform and, as you might imagine, has a lot of interesting perspectives on all this. 

In this fascinating episode, we cover:

  • The long evolution of the prison industrial complex dating back to the end of slavery in the post-Civil War Era

  • The ways that money and race distort outcomes in a justice system meant to be unbiased

  • How rehabilitation-focused policies (rather than punishment) are producing interesting results in Germany

  • Why the architects of bail reform failed the movement by not having a well thought out implementation plan and failing on the communications front

  • Michelle’s thoughts on how to improve our system

    &

  • Much, much more

Stay tuned to the end for an inspiring conversation about Michelle’s fascinating new venture, Period.  I was floored to learn that based upon what we know right now, at least 1 in every 20 people in prison are likely innocent (this is based on the rate of incarcerated individuals who are currently being released after being proven innocent).  With an average sentence of 14 years, that means there’s already been something like 25,000 years served by innocent people.  Staggering.  Michelle’s company seeks to solve a huge problem in the legal landscape by replacing the antiquated systems currently in use that rely exclusively on physical mail with a digital alternative.  Seems like a no-brainer to me.

I hope you all enjoy this episode.  Thanks for tuning-in!      

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Nick Halaris

I’ve been fascinated by investing for as long as I can remember. As a kid, I would read the Wall Street Journal, the Economist and Barron’s, pouring over the data tables, stories and interviews with a passion and an insatiable kind of curiosity. As I grew into adulthood, I struggled to find the right outlet and channel for this passion and spent much of my twenties wandering and trying out different things. I had a very brief career as an attorney, spent some time as a strategy and leadership consultant for big multinational companies, failed in an attempt to start a hedge fund, and even ended up helping run a scrap metal recycling operation for a while.

At the age of 30 though, I took my stand. I made up my mind that no matter what I was going to be an entrepreneurial investor. As crazy as it sounds, I owe everything in my life to this one foundational decision—even my amazing wife and my beautiful kids. I don’t think I would ever have met Alicia had I not made this one choice. At that moment in time, the financial world had just been devastated by the crash in the housing market and the near systemic failure of the global banking system that followed. I’ve always had a contrarian bent to my investment thinking; so, to me the carnage in real estate looked like an opportunity.

It all started with one house in Compton California. The business plan was simple: buy a distressed foreclosed home from a bank, bring it back to life with a big renovation and sell it to a first-time homebuyer. Things progressed slowly as they tend to do with real estate. In the first years of this, I think I did 6-7 homes. But then after plugging away day-by-day, suddenly it seemed, things just came together. I found the right investors and the right loans and the right deals and in just a few short years I ended up investing in over 100 such transactions, building a portfolio of almost 2,500 multifamily units and creating a fully vertically integrated real estate company with almost 100 employees.

Fast forward to today and I’m running the second evolution of my entrepreneurial investing career and having so much fun that I have to stop and remind myself that this is all real.

http://www.nickhalaris.com
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Why preserving the rule of law is the key to America’s future #29

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How Financial Innovation Might Save the American Dream #27