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Amid probe, car companyís plans havenít panned out
Associated Press ^ | Aug 11, 2013 6:01 PM EDT | Holbrook Mohr and Mitch Weiss

Posted on 08/11/2013 11:19:07 PM PDT by Olog-hai

Four years ago, a startup car company announced with great fanfare big plans for the Mississippi Delta: Using money from foreign investors and other sources, it would build a massive auto plant to churn out a new line of energy-efficient cars and bring thousands of jobs to the area. It seemed like a win for everyone involved. …

Today, the place where the plant was to be remains mostly vacant except for a temporary construction trailer. The company—GreenTech Automotive Inc.—is under investigation by the Securities and Exchange Commission and the probe is reverberating well beyond Mississippi’s borders, bringing scrutiny to a Virginia gubernatorial candidate and the company run by the brother of former Secretary of State Hillary Rodham Clinton. …

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; Crime/Corruption; News/Current Events; US: Mississippi
KEYWORDS: greenscam; greentech; hillary; terrymcauliffe; tonyrodham

1 posted on 08/11/2013 11:19:08 PM PDT by Olog-hai
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To: Olog-hai

Haven’t panned out for the people of Virginia or Mississippi but seems to have generated pretty good cash flow for Tony Rodham and Terry McCauliffe.


2 posted on 08/12/2013 1:22:44 AM PDT by outofsalt ("If History teaches us anything it's that history rarely teaches us anything")
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To: Olog-hai; WXRGina; duffee; onyx; DrewsMum; Tupelo; mstar; jdirt; Vietnam Vet From New Mexico; ...

Auto plant goes the way of the famous “Beef Plant Fiasco” Ping
http://www.governing.com/topics/economic-dev/Beef-Plant-Goes-Bust.html


3 posted on 08/12/2013 6:19:00 AM PDT by WKB
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To: WKB

I remember that! Whatever happened in that case?

I hope Terry and Tony pay....big time!

Can you believe all of the corruption in this country now?


4 posted on 08/12/2013 11:53:56 PM PDT by dixiechick2000 (To the GOPe ~ I'm now a proud member of the Wacko Bird party.)
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