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