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SEC PROBE Report: SEC investigating car company McAuliffe founded

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Posted: Saturday, August 3, 2013 12:00 am

The federal Securities and Exchange Commission is investigating GreenTech Automotive, the electric car company founded by Terry McAuliffe, the Democratic nominee for governor, over “its conduct in soliciting foreign investors,” according to a Washington Post report.

The report says the investigation is focusing, in part, on alleged claims that GreenTech “guarantees returns” to the investors.

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