Mississippi auditor demands $6.4M repayment from McAuliffe’s former electric car company

“McAuliffe, a former chairman of the Democratic National Committee, founded GreenTech after his failed 2009 bid for governor by buying a Chinese company and moving it to the U.S., burnishing his credentials as an entrepreneurial businessman ahead of his successful 2013 run for governor. In the summer of 2012, the company hosted a ribbon-cutting party in Mississippi featuring McAuliffe, former President Bill Clinton and former Mississippi Gov. Haley Barbour.

The venture quickly became a political liability, drawing scrutiny from federal investigators for its reliance on a controversial immigrant investor program that rewards wealthy foreigners with visas for pumping capital into American business projects.”

http://www.richmond.com/news/virginia/government-politics/mississippi-auditor-demands-m-repayment-from-mcauliffe-s-former-electric/article_e1e87de1-8f71-5d45-b123-2101de418642.html