Inside Mayor Adams’ migrant debit card boondoggle — no-bid bank gets $50 million, border crossers up to $10,000 each

By Nicole Gelinas

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 Eric Adams is giving out pre-paid cash cards to migrants.

Unusually for the mayor, Adams didn’t publicize this story himself, and his administration for nearly a month has 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, multibillion-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.

Read Full Article Here…(nypost.com)

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