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IPFS News Link • New York

Jackpot: NYC Mayor To Give Migrants Pre-loaded Debit Cards Worth Up To $10,000

•, by Tyler Durden

Thousands of lucky migrants who end up in the progressive hellhole of New York City could soon receive pre-loaded debit cards with amounts as much as $10,000 under a new controversial program launched by Democrat Mayor Eric Adams. 

The New York Post reports Adam's genius plan to give unvetted illegals taxpayer funds is set to begin with 500 families staying at the luxurious Roosevelt Hotel in Midtown Manhattan. 

In February, the mayor told a reporter about the debit card program in response to a question: "We're doing a pilot project with 500 people." Each migrant in the pilot program is expected to receive a Mastercard debit card with $1,000 per month, allowing them to splurge on items at convenience stores. 

The no-bid contract's fine print with sketchy fintech firm Mobility Capital Finance leaves the option to helicopter drop upwards of $2.5 billion in taxpayer funds over one year. The fintech firm outlined it needed $53 million in fees to hand out free money. 

NYPost said: 

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.

Meanwhile, the head of the City Council's oversight and investigations committee is having a tough time understanding why the city issued the $53 million no-bid contract without shopping around. 

"I think you should bid it out to see who would do the best job at the best cost for taxpayers," Councilmember Gale Brewer said.

Unlike SNAP food debit cards, which are programmed only to pay for specific food items, Adams' potential multi-billion-dollar debit card program has zero protections and no fraud control.