There have been rumors that former Virginia Governor and longtime Hillary Clinton ally, Terry McAuliffe might run for the presidential nomination in 2020, but if a recently filed lawsuit gains any sort of traction, that shot may be killed before it evens begins reports Hot Air.
The Daily Caller recently reported about a story of a group of Chinese investors who are suing both McAuliffe and Tony Rodham, Hillary’s brother, claiming that they were defrauded in an immigration scam involving a company McAuliffe founded nearly a decade ago.
Chinese investors hoping to benefit from the EB-5 visa program dumped more than a half million dollars each into the firm with the expectation that there would be green cards available for them in short order.
The Chinese investors feel ripped off with their company on the rocks and their immigration status in peril.
“‘The suit alleges that McAuliffe and Clinton’s youngest brother, Anthony Rodham, ‘exploited’ the 32 investors by promising to ‘leverage…political connections’ to ensure that their visa applications ‘will get to the top of the pile, and then be approved.’
The green cards were to be granted as part of the federal government’s EB-5 visa program. The program grants legal immigration status to foreign nationals who invest at least $500,000 in American companies. Companies must meet certain criteria regarding job creation in order for their investors to qualify for immigration benefits,’ reports The Daily Caller.”
It all began when McAuliffe helped found GreenTech in 2009. At the time he was quoted as saying, “If you have good green projects, there are billions of dollars that are looking for those projects.”
Which is true. Lots of federal money flooded into GreenTech and many friendly arrangements were made with people looking to invest, raising plenty of questions about what favors were being done for who.
How Tony Rodham got involved is a bit complicated. Rodham was apparently using his contacts to attract investors and making arrangements for them to get what they needed in return.
This lawsuit certainly highlights a few key aspect regarding McAuliffe.
“‘First of all, do we have any of these “special” immigration programs which allow certain favored individuals to get head of the line privileges that haven’t wound up mired in scandals? Such deals provide a powerful incentive for people looking to get into the country, and when non-government actors are put in charge of making the arrangements it’s an obvious temptation that opens the door to potential corruption,’ reports Hot Air.”
It’a also important to remember that the green energy industry has been heavily subsidized and financed with taxpayer money and has led to more and more problems than fixing any.
McAuliffe was certainly correct when he said that green energy attracts large piles of cash, and once again, where large sums of money accumulate, opportunistic individuals will never be far behind.
Depending on how this lawsuit pans out, this may show McAuliffe as a thief or just how capitalism works.