Author Topic: Chinese investors sue McAuliffe, Rodham over green-car investments  (Read 366 times)

0 Members and 1 Guest are viewing this topic.

Offline corbe

  • Hero Member
  • *****
  • Posts: 38,312

Chinese investors sue McAuliffe, Rodham over green-car investments

The suit is the latest headache for the Virginia governor as he mulls a presidential bid.
 
By JOSH GERSTEIN
  | 11/28/2017 01:22 PM EST
  |  Updated 11/28/2017 03:01 PM EST

 

 Virginia Governor Terry McAuliffe and former Democratic presidential candidate Hillary Clinton's brother Anthony Rodham are facing a $17 million fraud lawsuit from Chinese investors in Greentech Automotive, an electric car company that appears to be struggling to survive.

A group of 32 Chinese citizens filed the suit last week in Fairfax County, Virginia court, claiming that they were swindled out of about $560,000 apiece as a result of misrepresentations made by McAuliffe and Rodham—two of the most prominent and politically connected proponents of the venture aimed at manufacturing electric cars in the U.S.

The suit is yet another headache for McAuliffe as he mulls a potential presidential bid in 2020, buoyed in part by Democrats' strong showing in the state in the election earlier this month. McAuliffe confirmed last year that his business dealings with foreign nationals were under investigation by the FBI and federal prosecutors. It's unclear whether that probe involved Greentech or whether the inquiry is still ongoing.

<..snip..>

https://www.politico.com/story/2017/11/28/greentech-automotive-lawsuit-terry-mcauliffe-262771
No government in the 12,000 years of modern mankind history has led its people into anything but the history books with a simple lesson, don't let this happen to you.

Offline Frank Cannon

  • Hero Member
  • *****
  • Posts: 26,097
  • Gender: Male
Re: Chinese investors sue McAuliffe, Rodham over green-car investments
« Reply #1 on: November 28, 2017, 09:51:13 pm »
Something tells me Terry won't be skating out of this one like he did Global Crossings.....