Goldman Sachs Inmate Bet Fuels Social-Impact Bonds

Goldman Sachs Inmate Bet Fuels Social-Impact Bonds

New York City is trying to reduce recidivism among young male convicts housed in the Rikers Island lockup with a four-year program run by nonprofits and financed by a $9.6 million loan from Goldman Sachs Group Inc. Photograph: Rick Maiman/Bloomberg