There is a “pilot program” in New York City that “appears” to be giving out open-ended, free money to migrants. There are no controls and no accountability. This sounds like both a money laundering operation for illegals to funnel money back to their cartel overlords and, just as bad, a way for NYC Mayor Eric Adams to reward friends in high places. Minimum of $53 million worth.

From the New York Post:

As the mayor told radio host Gary Byrd earlier this month, “it’s important for us to speak directly to you to separate the facts from fiction. . .. Fact from fiction is the migrant cards that we gave out to migrants to purchase food. Just some quick bullets that you need to know about these cards. They are not American Express gold cards, folks. This is a pilot project we’re doing with 500 migrants.”

From his condescension, it’s obvious that Eric Adams hates New Yorkers and particularly hates being questioned. No they are not American Express Gold Cards. American Express is kind of particular about getting paid back for the credit they extend to consumers. This is an open-ended bank card with Uncle Sam toting the note and by Uncle Sam, I mean you and me. American Express Gold Card…Eric Adams is a dolt.

So let’s go back a bit. Late last week, there was a story that an abandoned Harlem, luxury condo building that was being reconditioned to house “homeless” New York families was going to be used to house illegal immigrants instead. Well, the community heard and “Adams reverses course on plans to use luxury Harlem complex as migrant shelter after community outrage.” Outrage? Gee, ya think?

Just wait till New Yorkers wake up today and read about this “pilot program” cooked up between the Feds, Eric Adams and Mobility Capital Finance. Again, from the New York Post:

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.

Let’s make sure we have this in context:

No, it’s no “free for all”. These illegals land in the USA likely owing the cartels. With no controls, who says this isn’t a way to launder money to the cartels? The Biden Money-Laundering Crime Family is famous globally.

These starving illegal immigrants who walked from Chile, Syria and China to the Southern (or Northern) Border before being bused to NYC DON’T LIKE THE FOOD”!

Instead of assuring that it’s existing no-bid “emergency” contractor fulfills its duty to provide edible food, however, the Adams administration has solved its problem by retaining a new no-bid “emergency” contractor — to provide a service with far more scope for waste, fraud, and abuse than stale sandwiches: giving out potentially billions of dollars of hard cash, few questions asked.

Which vendors did the city’s Housing Preservation & Development consider for this contract, as qualified to provide this complex financial service?

New York City is home to hundreds of top-tier financial-services and public-benefits providers, a dream of a competitive bidding pool, to ensure that the city gets a good price, as well as strong protections against fraud and abuse.

But HPD considered only one: Newark-based Mobility Capital Finance, which also has an office in Harlem.

MoCaFi was founded by Wole Coaxum, a former managing director at JPMorgan Chase, who said the death of Michael Brown in Ferguson, Mo., in 2014 inspired him to serve the “underbanked” and “narrow the racial wealth gap.”

Good old Wole Coaxum is at least narrowing the “racial wealth gap” for himself.

It's crazy how a black man like Wole Coaxum can create a program that gives 500 families of illegal immigrants prepaid debt cards and can boldy make statements about it to CBS during Black History Month and has never anything for black folks. Absolutely ridiculous!!! pic.twitter.com/PyPyIUtbLy

— The Trending Trailblazer (@HighBeam420) February 4, 2024

The city’s Housing Preservation & Development (HPD) was pointed to Mobility Finance by City Hall aka Eric Adams.

The only clue is from a stray off-the-cuff comment Adams made at a reception earlier this month, calling MoCaFi a minority business “that we met on the campaign trail. . . . Little did we know that God is going to say there’s going to be a crisis, you’re going to have to meet them. . . . And it’s going to cost us money” to “put investment . . . in our community.”

A year ago, the Adams administration was already eager to find something for MoCaFi to do.

Last year, the director of the mayor’s fund to advance New York City — a slush fund powered by anonymous private donors — raised at one of the fund’s board meetings the concept of “an upcoming partnership with the mayor’s office . . . and MoCaFi . . . on a universal basic income project”: that is, giving poorer New Yorkers (not migrants) cash.

Coaxum seems to have become part of the mayor’s orbit, and even provided a quote to an official City Hall press release praising Adams’ founding of a new “Office of Engagement.”The only clue is from a stray off-the-cuff comment Adams made at a reception earlier this month, calling MoCaFi a minority business “that we met on the campaign trail. . . . Little did we know that God is going to say there’s going to be a crisis, you’re going to have to meet them. . . . And it’s going to cost us money” to “put investment . . . in our community.”

A year ago, the Adams administration was already eager to find something for MoCaFi to do.

Last year, the director of the mayor’s fund to advance New York City — a slush fund powered by anonymous private donors — raised at one of the fund’s board meetings the concept of “an upcoming partnership with the mayor’s office . . . and MoCaFi . . . on a universal basic income project”: that is, giving poorer New Yorkers (not migrants) cash.

Coaxum seems to have become part of the mayor’s orbit, and even provided a quote to an official City Hall press release praising Adams’ founding of a new “Office of Engagement.”

The New York Post article asks how much Mobility Finance will get from City Hall? The grift is unending for all these people. The uber rich get uber richer. the poor do okay and the middle class gets squeezed.

The cartels and the illegal immigrants make out just fine.

Featured Image: Antonio Compoy/flickr.com/Cropped/Creative Commons

Eric Adams illegal immigrants money laundering New York City