The SEC Investigating an Electric Car Company with ties to Terry McAuliffe

An electric-car company co-founded by Virginia gubernatorial candidate Terry McAuliffe (D) is being investigated by the Securities and Exchange Commission over its conduct in soliciting foreign investors, according to law enforcement documents and company officials.

In May, the SEC subpoenaed documents 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.


GreenTech has sought overseas investors through a federal program that allows foreigners to gain special visas if they contribute at least $500,000 to create U.S. jobs. Gulf Coast, which is run by Anthony Rodham, the brother of former secretary of state Hillary Rodham Clinton, seeks investors for GreenTech and arranges the visas.

In recent months, the SEC has stepped up its scrutiny of companies that use the visa program, largely over concerns that investors may have been misled or defrauded by the companies seeking their money. The visa program has also raised national security concerns from some lawmakers worried that suspect individuals are using it to gain entry into the country.

The full focus of the SEC investigation into GreenTech and Gulf Coast is not known, and SEC officials declined to comment.

A spokesman for McAuliffe’s campaign said that the candidate “has no knowledge of any investigation,” which appears to have started in early 2013, according to Homeland Security Department documents. McAuliffe resigned as chairman of GreenTech in late 2012 as he began his run for governor, although he did not publicly reveal that he had done so for several months.

Read More: The Washington Post

The New Film on Terry McAuliffe by Breitbart

From chief fundraiser for the Democratic Party to the Clintons' right hand man, McAuliffe has profited from being at the center of power. In this 30-minute documentary, Fast Terry exposes how McAuliffe’s politically motivated business decisions and empty promises have had a negative impact on the lives of Americans from Franklin, Virginia to Tunica, Mississippi and is now tied to a federal investigation by the Department of Homeland Security.

We invite you to watch the trailer for the film below, and visit FastTerry.com for more information. 

The Trailer:

FACT: Democrat Virginia Gubernatorial Candidate Terry McAuliffe is full of Crap

PolitiFact, the left-leaning fact-checking organization, said Virginia gubernatorial candidate, Democrat Terry McAuliffe, made "hyperbolic" and false statements during last Saturday's debate when he alleged that an independent prosecutor had concluded that Attorney General Ken Cuccinelli, the Republican candidate, should be prosecuted on ethics charges.

"There is nothing in the report that remotely supports McAuliffe’s claim. To the contrary, the report concludes Cuccinelli did not violate any laws," PolitiFact concluded. "McAuliffe’s hyperbolic statement is not only wrong, it defies any reasonable reading of the report. We rate his comment Pants on Fire."

At last Saturday's gubernatorial debate, McAuliffe alleged that a special prosecutor wrote in his report that Cuccinelli should be prosecuted for failing to disclose some benefits he received from Star Scientific CEO Jonnie Williams. Cuccinelli has said his failure to disclose the benefits was an oversight, and the special prosecutor agreed.

"If you read the report, which I have done, it says the attorney general should have been prosecuted," McAuliffe said at the debate. 

Cuccinelli immediately called McAuliffe out on the false charges.
"That’s absolutely wrong," Cuccinelli said. "I’ll let the fact checkers take care of it."

After he was briefed for 15 minutes by his handlers after the debate, McAuliffe, when pressed on his statement, said, "Well, that’s my analysis of the report."

As PolitiFact noted, though, the nine-page report released on July 18 said, "our investigation finds no evidence" that Cuccinelli "violated any laws or intentionally failed to disclose the gifts." The report, according to PolitiFact, did not even mention the word "prosecute," and it offered "no opinion on the strength or weakness of the state's disclosure laws."

Courtesy: Breitbart