Welcome

Greentech Automotive Seeks Bankruptcy Amid Visa Fraud Allegation

Feb. 27, 2018, 8:34 PM

GreenTech Automotive Inc. filed for bankruptcy amid allegations that it defrauded a group of Chinese immigrants who had sought U.S. visas through investments in the battery-powered carmaker previously led by former Virginia Gov. Terry McAuliffe.

The 32 immigrants, who each invested $500,000, allege they were scammed by McAuliffe, Anthony Rodham, brother of Hillary Clinton, and Charles Wang, a former securities lawyer, according to court papers. The group is seeking $120 million in damages. GreenTech came under scrutiny amid a federal probe into abuse of a visa program that gives foreign investors green cards in exchange ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.