WHITE HOUSE CRONYISM AND TERRY MCAULIFFE

GreenTech courted Obama’s Solyndra Aide

http://watchdog.org/99627/greentech-courted-obamas-solyndra-aide/?roi=echo3-16501009936-14079861-c5c7bed7fc636e49b77717d7bf76b9d0

Watchdog –Tori Richards and Earl Glynn – 8/6/2013

Virginia gubernatorial candidate Terry McAuliffe and three top GreenTech advisers met with the key White House aide responsible for helping bankrupt solar-panel maker Solyndra win federal loans and high-profile presidential support, a Watchdog investigation has revealed an Oct. 12, 2010, meeting with Obama “green energy” aide Greg Nelson. The confab came seven months after a stock transfer made McAuliffe a GreenTech majority owner and company chairman.

Months before the GreenTech meeting at 1600 Pennsylvania Ave., White House officials already knew Solyndra was on the ropes.

Eight months later a GreenTech lawyer was emailing U.S. Citizenship and Immigration Director Alejandro Mayorkas, begging his agency to fast track approval of visa applications for the company’s foreign investors under the federal EB-5 program.

In addition to Nelson and McAuliffe, the White House meeting included GreenTech finance director Gary Yi Tang, immigration and EB-5 attorney Steve Yale-Loehr and Northwestern University economist Michael K. Evans.

Yale-Loehr was on retainer for Gulf Coast Funds, which raises EB-5 funds for GreenTech.

Evans had written a report detailing the impact of locating a GreenTech manufacturing plant in Tunica, Miss. He has also analyzed other projects seeking EB-5 funding.

Nelson, whose official White House title was deputy director of Public Engagement, was by his own accord “the member of the Public Liaison team charged with reaching out to the environmental community.”

A series of emails obtained by the media show his role in the Solyndra debacle.

Click the link above for more information regarding Nelson’s activity (who acted on behalf of the Obama White House for “Energy Industry."

The FBI raided Solyndra for cooking its books, it filed for bankruptcy and employees sued. Taxpayers were left funding the whole debacle.

Documents released last week reveal that that Securities and Exchange Commission is investigating GreenTech’s sister company Gulf Coast Funds, stating that there’s “possible fraud” in the firm’s pursuit of EB-5 investors,primarily those in China.

GreenTech is behind schedule in rolling out thousands of electric vehicles while as many as 81 foreign nationals who invested at least $500,000 each are awaiting visas.

Nelson in the White House was promoted  to chief of staff for the White House’s National Economic Council.

 

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