GREGORY EARLS

To fund this national effort FS will not seek nor expect any tax dollars or government subsidies but instead will issue what Earls calls Reformation Bonds.
FS will issue what are more commonly called Social Impact Bonds. FS will undertake its programs to reduce the recidivism rate with no burden to the Bureau of Prisons or the Department of Justice. Earls will seek to have philanthropists and investors purchase the bonds. FS plans to issue $100 M in Zero Coupon Bonds.