SEC investigating GreenTech

McAuliffe wooh

GreenTech, the electric car company Terry McAuliffe quietly walked away from at the end of 2012, is now under investigation by the Securities and Exchange Commission…

…over its conduct in soliciting foreign investors, according to law-enforcement documents and company officials.

The SEC subpoenaed documents in May from GreenTech Automotive and bank records from a sister company, Gulf Coast Funds Management of McLean. The investigation is focused, at least in part, on alleged claims that the company “guarantees returns” to the investors, according to government documents.

And that’s not all:

Aside from the SEC investigation, the newly obtained documents also show greater communication between McAuliffe, Rodham and DHS officials than was previously known, as well as concern over a potential GreenTech investor tied to a Chinese firm that has raised national security concerns.

The documents counter the impression left last week by a top U.S. immigration official, Alejandro Mayorkas, who testified in front of a Senate panel that he met with McAuliffe on one occasion “and that was the extent of the interaction.”

The documents show that Mayorkas and other senior DHS officials had a dozen e-mail and telephone contacts with McAuliffe, Rodham and other representatives for GreenTech and Gulf Coast.

The hits just keep on coming and as they do, the job-creator/entrepreneur imagine McAuliffe has tried to cultivate in this campaign turns increasingly sour.

Go sign the petition. Now.

  • MD Russ

    The bag man for Bill Clinton and Hillary’s sleazy brother running two companies that share offices in Tyson’s Corner and that lure Chinese investors with special treatment visas. What could go wrong? Nothing to see here, folks. Move along. Let’s change the subject to KC and invasive ultrasounds.

    • David Obermark

      You forgot to add Republican efforts supported by Ken to outlaw birth control. He says he will not spend his political capital as Governor to further these efforts, but if the bill shows up on his desk I bet he would sign it. Anyone want to take that bet?

  • DJRippert

    My bet? The “guaranteed returns” issue is a red herring. Even the dumbest preppy in Richmond trying to gamble away Daddy’s trust fund would know that a start-up green vehicle company could not “guarantee returns”.

    Another red herring – the EB-5 visa program. That program may be distasteful but it’s as available to the Koch Brothers or Rich Santorum as it is available to Terry McAuliffe.

    The real issue will turn out to be expedited and favorable treatment of Greentech’s EB-5 visa program application by the Obama Administration. Between Anthony Rodham and Terry McAuliffe you can be pretty well assured that favors were asked and pressure was applied inside the Obama Administration.

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