GreenTech courted Obama’s Solyndra aide
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.
What they discussed in the Oct. 13, 2010, meeting with Obama “green energy” aide Greg Nelson is a mystery – the White House visitors log offers no details. But the confab came seven months after a stock transfer made McAuliffe a GreenTech minority owner and company chairman.
Months before the GreenTech meeting at 1600 Pennsylvania Ave., White House officials already knew Solyndra was on the ropes – failing an independent audit and headed toward a predicted default on its federal $535 million loan. Despite warnings from allies and staff, the president visited Solyndra in May 2010, pointing to the company as a model of his new economy.
Fast forward to 2013.
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.