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McAuliffe Electric Car Fraud Complaint a Lie, Some Investors Say

July 15, 2019, 6:11 PM

Dueling accusations of misleading the court are the latest wrinkle in an immigration-related securities fraud suit against former Virginia governor Terry McAuliffe.

McAuliffe successfully fought off a suit involving a failed electric car startup in June because the Chinese investors fell “far short” of adequately pleading they’d relied on his misleading statements. Now a group of those investors have come forward to call the whole case into question.

McAuliffe and others behind GreenTech Automitive Inc. allegedly misled investors about the project, including its reliance on EB-5 funds. The EB-5 program allows foreign investors to obtain green cards when their investments ...

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