NYC City Council calls for an INVESTIGATION of Mayor Adams plan to give illegals $10,000 Debit Cards.
The $53 million contract would give, Mobility Capital Finance, who the NY Mayor touts as 'Minority Owned' lots of fees for services, including:
- $125,000 one-time set-up fee,
- $250,000 in annual management fees
- $1.5 million for the first $50 million handed out
- $2.5 million for the next $100 million.
No ID check required, No Fraud control and No Restrictions.
According to the contract, the most a card can have is $10,000, but cards will be refilled EVERY FOUR WEEKS. The mayor insisted that part of the allure of the company was that it was a minority-owned firm.