With the Clintons, the '90s live on!

November 30, 2017

Here’s more from the file of Completely Unsurprising News: Hillary Clinton’s brother, Tony Rodham, and a longtime Clinton crony, Virginia Gov. Terry McAuliffe, are being sued by a group of Chinese investors for allegedly running an influence-peddling scheme involving green cards. One nice thing about this story is that it makes us all feel like we’re back in the 1990s, so we get to think of ourselves as 20 years younger.

Anyway, these investors claim that McAuliffe and Rodham promised to “leverage...political connections” to get their green card applications to “the top of the pile,” where they would be approved. Through the government’s EB-5 visa program, legal status as a foreign national could be granted for a minimum investment of $500,000 in an American company. (That alone sounds a little like legalized bribery to me, but I’ll hold my comments for now on that aspect of the story.) So, in 2012-2013, each of the 32 Chinese investors put $560,000 into a company called Greentech Automotive, which made electric cars. Do the math –- that’s a huge infusion of cash into Greentech.

McAuliffe happens to have been the former chairman and largest shareholder in Greentech. Upon his election as governor of Virginia, he sold all his shares. That was in –- wait for it –- 2014. We don’t know how much he profited from the sale of Greentech stock, but if we find out he made a killing, that will also be unsurprising.

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