07/17/2017

Gov. Terry McAuliffe’s Former Electric Car Company Zaps Millions Of Tax Dollars

Leslie Eastman, Legal Insurrection

Judicial Watch: Media is ignoring collusion between failed green energy firm and Terry McAuliffe.

The American press obsession with Russia is leaving vital news on the cutting room floor.

For example, Judicial Watch is reporting that the state auditor of Mississippi is demanding that Virginia Democratic Governor Terry McAuliffe’s former company, GreenTech, repay millions in public money because the electric vehicle company shut down and failed to deliver on its promises to create new jobs.

The government watchdog group also notes that most elite media outlets are not covering another green energy failure, especially as it involves a leading Democratic politician.

An electric car company that folded after taking millions of taxpayer dollars was founded by Virginia Governor Terry McAuliffe, the chairman of Hillary Clinton’s 2008 presidential campaign and former Democratic National Committee (DNC) chair, but the mainstream media is ignoring this pertinent fact. The Mississippi-based company, GreenTech, shut down in January but is back in the spotlight because this week the state’s auditor demanded the firm repay $6.4 million in public funds. Only a small Richmond, Virginia newspaper prominently reported McAuliffe’s ties to the scandal, stating in the headline that “Mississippi auditor demands $6.4M repayment from McAuliffe’s former electric car company.”

…[A]s GreenTech founder, McAuliffe brokered the deal in which the company got millions in public funds by promising to invest $60 million locally and creating hundreds of new full-time jobs. That never happened and instead taxpayers got fleeced. Now Mississippi State Auditor Stacey Pickering is ordering that the money be repaid with interest and investigative costs. The exact figure is $6,360,019.60.

Digging deeper into the story, one can clearly see that the the vaunted “green energy jobs” did not live up to the promises weaved by the Democrats under the last administration. Furthermore, a Mississippi state auditor is having a difficult time determining if the firm lived up to the terms of its loan.

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