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Monday, July 10, 2017

McAuliffe's Former Electric Car Company Audited for $6.4M in Repayment to Mississippi

Virginia Gov. Terry McAuliffe's (D.) former electric car company has been audited to repay $6.4 million of public funds to the state of Mississippi.

GreenTech Automotive, which McAuliffe left in 2012, was unable to deliver on its promise to create jobs in the state of Mississippi, according to the Richmond Times-Dispatch.

Now Mississippi State Auditor Stacey Pickering is asking for the full sum of $5 million in public loans, along with interest and recovery costs, to be repaid in full within 30 days. He warned GreenTech CEO Charles Wang that failure to pay could result in the state filing a lawsuit against the company.

Pickering told the Times-Dispatch that the litigation, should it arise, could possibly involve McAuliffe.

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4 comments:

Anonymous said...

Good luck with that

Anonymous said...

A scoundrel through and through

Anonymous said...

$6.4 million is about half of the state's budget, isn't it?

Anonymous said...

Something tells me Van Jones is involved with the company. He was Obama's Green Energy Czar until several companies went bankrupt and left the US taxpayers stuck with nearly $2 Billion in losses.