It takes money to make money, as the old saying goes, and, apparently, it also takes money — as much as $53 million — to give money away.
Earlier this month, The Post broke the story that Mayor Adams is giving out pre-paid cash cards to migrants.
Unusually for the mayor, Adams didn’t publicize this story himself, and his administration has for nearly a month failed to correct several public misperceptions about it.
One misperception is that the program allows the city to give out just $50 million to migrants.
No wonder the mayor has been reticent.
This debit-card program — if you read the actual contract — has the potential to become an open-ended, multi-billion-dollar Bermuda Triangle of disappearing, untraceable cash, used for any purpose.
It will give migrants up to $10,000 each in taxpayer money with no ID check, no restrictions and no fraud control.
When The Post exposed the mayor’s debit-card program earlier this month, the mayor’s office spun it as a money-saving program, to solve a problem: migrants staying in hotels don’t eat all their food.
nypost.com
Earlier this month, The Post broke the story that Mayor Adams is giving out pre-paid cash cards to migrants.
Unusually for the mayor, Adams didn’t publicize this story himself, and his administration has for nearly a month failed to correct several public misperceptions about it.
One misperception is that the program allows the city to give out just $50 million to migrants.
No wonder the mayor has been reticent.
This debit-card program — if you read the actual contract — has the potential to become an open-ended, multi-billion-dollar Bermuda Triangle of disappearing, untraceable cash, used for any purpose.
It will give migrants up to $10,000 each in taxpayer money with no ID check, no restrictions and no fraud control.
Why give debit cards out?
When The Post exposed the mayor’s debit-card program earlier this month, the mayor’s office spun it as a money-saving program, to solve a problem: migrants staying in hotels don’t eat all their food.
Inside Mayor Adams’ migrant debit card boondoggle — no-bid bank gets $50 million, border crossers up to $10,000 each
Mayor Adams’ debit-card program for migrants has the potential to become an open-ended, multi-billion-dollar Bermuda Triangle of disappearing, untraceable cash, used for any purpose.
nypost.com
