Posted on 02/24/2024 7:24:56 AM PST by george76
The New Jersey start-up that snagged a controversial no-bid $53 million contract with New York City to give migrants prepaid debit cards could net a whopping $1.8 million in profits by taking a cut of the funds doled out to asylum seekers, The Post has learned.
The one-year deal signed by Mayor Eric Adams’ administration and tech finance company Mobility Capital Finance .. is now raising eyebrows with some members of the City Council, who noted the agreement didn’t undergo the usual competitive bidding process.
“Something’s wrong with this deal, and taxpayers are getting fleeced,” Councilman Bob Holden (D-Queens) ..
“These no-bid emergency contracts and profit-driven bids are out of control, and we need to reevaluate how we do business as a city,”
...
The contract appears to guarantee a windfall for the Newark, NJ firm known as MoCaFi — founded by ex-JP Morgan Chase banker Wole Coaxum about a decade ago — possibly netting it three times more than it pocketed under a similar, but much larger, deal with Los Angeles.
...
The Adams administration was able to bypass the RFP process by using emergency powers the city comptroller granted to the mayor in November 2022 to deal with the ongoing migrant crisis.
Adams also used the emergency contract powers to sign a problem-plagued $432 million deal with COVID testing-turned-migrant-shelter firm DocGo last year.
...
The Adams administration said it used the emergency powers to issue to contract because the competitive bidding process would take to long
(Excerpt) Read more at nypost.com ...
Hizzonor is spreading the loot around. He won’t personally benefit from the contract. For sure.
It’s called treason, folks
Good. Sheep are born to be sheared and New Yorkers, with a few exceptions - mainly in Tenney’s district - are scum
“The owner of the startup company, a Mr. Anthony Soprano, could not be reached for questions…”
the abused will someday be the abuser
That's 180k to the Adams campaign.
The cards are for up to $10,000 and refillable every 4 weeks. So an illegal alien could get 52 weeks/4=13 x$10,000 =$130,000 per year with no income tax or no social security tax payments.
So a husband & wife could get $130,000 x2 = $260,000 per year tax free. That is before all the fraud that will most likely be involved in this program.
Stealing taxpayer money to illegally give to illegal aliens with a new New Jersey Company under an illegal contract.
That’s pretty much a slimy Democrat Trifecta, no?
America’s monetary system is based completely on printed, fiat money, and the massive debt it allows, created by a political central authority.
Now who in their right mind would imagine that somehow all this debt would NOT be used for political and social-engineering???
Red Cross, Clinton Foundation .. non profits who make Huge profit - evade taxes.
Hahahaha. Suck it welfare queens. The illegals are the real democrat party power now. Besides, welfare leeches will ALWAYS vote for democrats and the democrats know it.
You know all I’ve heard from the black community is blah blah blah we are outraged our community and citizens come second to the illegals who are going to get $10,000 in credit cards blah blah blah. ….If they really really were upset and really really wanted to make a statement, believe me folks, they would’ve been in the street Today in huge BLM numbers protesting all this BS that is being forced down their throats. Let’s face it black community block. …You guys are secondhand citizens to the Democrats now because they have already replaced you with millions of illegal invaders future voting block. Hate to say it but Consider yourselves no longer useful idiots to the plantation demoncRAT owners!
“Good. Sheep are born to be sheared and New Yorkers, with a few exceptions - mainly in Tenney’s district - are scum”
Agreed. Give them every bit of what they asked for, good and hard.
The Obama phone people are upset that the Democrats are giving illegal aliens money and not them!
LOL
These $1,000 freebee gift cards are just the beginning, and the tip of the iceberg for what is coming!
Taxpayers always get fleeced. That’s what they are for to get fleeced, pay all the bills and get crapped on. Did anyone ever hear of anything the gooberment, any gooberment, does that doesn’t cost way too much, waste money or make things worse? Ever? I’m still waiting to hear like Diogenes looking for one honest man or a virgin in a whore house.
just be sure when you claim your donations to charity on your taxes that you properly value your items....you wouldn’t want to be caught claiming $2 for a used pair of men’s underwear or the IRS will come down on you...
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