Marathon Pundit: RNC video: Will the CNN and NBC Hillary films include the Rodham-McAuliffe GreenTech Scandal?

Monday, August 12, 2013

RNC video: Will the CNN and NBC Hillary films include the Rodham-McAuliffe GreenTech Scandal?

Author in front of the Rodham home,
Park Ridge, Illinois

Have you heard of the GreenTech scandal? Probably not. Here's a summary courtesy of Car and Driver:

GreenTech's problems are far more serious, however. It's under investigation for visa fraud by the Securities and Exchange Commission and by the Senate Committee on Homeland Security and Governmental Affairs for allegedly conspiring with immigration officials. According to recent emails released by the Senate Committee, GreenTech "absolutely received preferential treatment" by the Department of Homeland Security for the nation's controversial EB-5 visa program, in which wealthy foreigners who invest at least $500,000 in high unemployment areas can be fast-tracked into the country. GreenTech allegedly promised returns for 21 foreign investors—an act illegal in itself—while immigration officials placed a "fraud or national security hold" on “all 21” applications, according to the documents.

McAuliffe, a Virginia gubernatorial candidate who ran Hillary Clinton's 2008 presidential campaign and chaired the Democratic National Committee, has been silent since resigning from GreenTech in December. He’s tied to GreenTech's visa investment firm, Gulf Coast Funds Management, which had its bank statements subpoenaed by the SEC in May. That company is run by Hillary Clinton’s brother, Anthony Rodham. Rick Wade, who previously served as a top advisor for President Barack Obama’s 2008 campaign and as a senior aide in the Commerce Department, is GreenTech's senior vice president.

McAuliffe, who kept his resignation secret until April when GreenTech sued a nonprofit journalism group for publishing reports of potential visa fraud, won't say what happened. His campaign did not respond to calls and emails. This year, two other visa firms in Chicago and McAllen, Texas, were accused of defrauding foreign investors and running Ponzi schemes. Legal experts say the visa program, now in its 23rd year, goes mostly unchecked.

Here's a Republican National Committee video about GreenTech: