From the YCMTSU files – NY City hands out 10,000-dollar pre-paid debit cards to criminal migrants from a 2.5 billion budget account – via a “no compete” award to a company paying the Mayor?

An earlier story today, I mentioned that 17,000 people out of the 170,000 criminal migrants in New York City would get funding via part of a NY State slush fund of 4.3 billion bucks.

NY State to pay for 17,000 criminal immigrants in NY City an undisclosed amount for an undisclosed time for “necessities” in order to “comply with NY City laws” (Sanctuary City laws?) (substack.com)

Well, that’s one part of the money being bilked out of Federal, State and City taxpayers for the Bide regimes human trafficking cartel. Check this out from here:

Inside Mayor Adams' migrant debit card boondoggle — no-bid bank gets $50 million, border crossers up to $10,000 each (nypost.com)

“As the contract document clearly and explicitly states, over the year’s term, “in exchange for [MoCaFi’s] … performance of the services, the city shall pay to the contractor a total amount not to exceed $53 [million] … in accordance with the scope of services and fees.”

So, 50 million bucks to a company called MoCaFi.

“And for the “service” provided, MoCaFi not only makes money from each card distributed, but gets a 3% fee on the first $50 million the city puts on the cards — that is, $1.5 million. That fee drops, but only slightly, after that first $50 million.”

Who is MoCaFi? Mobility Capital Finance.

“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.”

“How did HPD choose Mobility Capital? The contract makes it quite clear: MoCaFi was “referred to HPD by City Hall.”

“What kind of experience did MoCaFi bring to this complex endeavor? None. As HPD helpfully notes, on a “listing of prior/related emergency large contracts,” MoCaFi is “a new provider of emergency services for HPD.”

Not what you know. Right? Why was MoCaFi given a contract worth 50 million bucks (at least) and no other company was allowed to compete for the contract?

“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.”

So, what will MoCaFi be doing?

Adams wants people to think chat the 50 million bucks is going to 500 families for a year who are getting poor quality free food.

“It’s easy to work out how MoCaFi would get a $50 million or so fee, the maximum allowed under the contract. After stripping out various fees the company gets for printing up the blank cards and such, the city has purposely given itself the flexibility to disburse at least $2.5 billion on these pre-paid debit cards over a year.”

2.5 billion bucks at 10,000 a year per family = 250,000 families = compare that to the 170,000 criminal migrants reportedly in NY City.

This of course means that criminal migrants are being prioritized over the needs of 90,000 homeless New Yorkers AND a few million New Yorkers living I n poverty.

The same principle applies as applied to the visit to California of Chinese Premier Xi in November 2023 - remember how all those tent cities and streets covered in needles and excrement were cleared from downtown San Francisco?

All the measures taken by Mayor Adams to feed, house and health criminal migrants could have been undertaken for indigent New Yorkers BEFORE the invasion of criminal migrants occurred!

You can see where the priorities lie – support a human trafficking cartel operated by the Bide regime or take care of Americans.

You get what you vote for – or rather you suffer from what is stolen from you,

Onwards!

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