NYC-issued debit cards meant to pay participants working in a summer youth program were instead used by scammers who nabbed $17 million over a three-day period earlier this month, sources told The Post.<\/p>\n
The scam \u2014 the subject of an ongoing fraud probe \u2014 led to ATMs across the Big Apple being banged for big bucks from July 11 to July 13, with the cash ending up in the wrong hands rather than kids and young adults in the Summer Youth Employment Program, officials said.<\/p>\n
The payment cards are supposed to give access to weekly earnings, typically several hundred bucks at most. However, an error allowed the cards to access massive payments of up $40,000 per ATM.<\/p>\n
NYC-issued debit card that are supposed to be used to pay participants working in a summer youth program were instead used to shell out $17 million to scammers over a three-day period earlier this month, sources said. San Francisco Chronicle via Getty Images<\/p>\n
Teenagers and adults boasted how big money could be made off the cards in videos posted on TikTok and Instagram.<\/p>\n
\u201cWe\u2019re making bread, we\u2019re printing money right now,\u201d said one man in a video posted on TikTok. \u201cIf you work S.Y.E.P., hit me up.\u201d<\/p>\n
However, others warned people not to fall for scam.<\/p>\n
The scam led to ATMS across the Big Apple being banged for big bucks from July 11-13 and ending up in the wrong hands rather than youngsters in city\u2019s Summer Youth Employment Program. ABC7<\/p>\n
City officials insisted no tax dollars have been lost, making it unclear who absorbed the costs of the illegal withdrawals.<\/p>\n