💰 Financial Record
paymentTransaction Details
Amount
USD
$1,500,000,000.0
Payer (From)
Providence Equity Partners
Linked to Providence Equity Partners
Payee (To)
U.S. Investigations Services (USIS)
Linked to U.S. Investigations Services (USIS)
Transaction Date
January 01, 2007
Description
Purchase of USIS by Providence Equity Partners.
Additional Details
Date string:
2007
Amount string:
1500000000
Source document:
HOUSE_OVERSIGHT_019704.jpg
📄 Source Document
HOUSE_OVERSIGHT_019704.jpg
ESTATE Collection
Document Summary
This document is page 216 from the book 'How America Lost Its Secrets' by Edward Jay Epstein (indicated by the filename and content). It details the privatization of U.S. government background checks initiated by the Clinton administration in 1996. The text criticizes the private firm USIS (owned by Providence Equity Partners) for failing to access CIA records during Edward Snowden's 2011 background check and for fraudulently 'flushing' over 665,000 incomplete investigations to maximize profit, leading to a 2014 lawsuit.
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