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Saturday, August 03, 2013

SEC Investigating McAuliffe's GreenTech Automotive

On Friday, a spokesman for GreenTech Automotive, the company Virginia Democratic gubernatorial nominee Terry McAuliffe served as chairman from 2010 to 2012, confirmed to Breitbart News in an emailed statement that the company is under investigation by the Securities and Exchange Commission. "GreenTech Automotive," the official statement read, "has received a document subpoena from the U.S. Securities and Exchange Commission and is cooperating fully with the SEC staff."

The Washington Post first reported on Friday that representatives of GreenTech Automotive stated they have been subpoenaed by the Securities and Exchange Commission to produce documents related to the company's EB-5 foreign national investor program, and the company's statement emailed to Breitbart News confirms the Post'sreport.

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