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Clinton connection: More money for McAuliffe

By   /   July 2, 2013  /   News  /   6 Comments

Part 24 of 76 in the series Terry McAuliffe - Carmogul
AP file photo

UNDER OATH: Former Internal Revenue Commissioner Margaret Richardson during a 1993 hearing on Capitol Hill in Washington, D.C. A Clinton appointee, she now sits on the board of Gulf Coast Funds Management, a funding arm of GreenTech Automotive, the electric-car company McAuliffe formerly chaired and in which he’s still a major investor.


By Kenric Ward | Watchdog.org Virginia Bureau

DELAPLANE, Va. – Terry McAuliffe raised campaign cash and talked jobs Sunday at the home of another friend of Bill Clinton — former IRS Commissioner Margaret “Peggy” Richardson.

Richardson is almost symbolic of McAuliffe’s political and business connections. Clinton’s appointee to head the Internal Revenue Service, she now sits on the board of Gulf Coast Funds Management, a funding arm of GreenTech Automotive, the electric-car company McAuliffe formerly chaired and in which he’s still a major investor.

McAuliffe, making his second run for governor of Virginia, is perhaps most famous as a prolific fundraiser for the Clintons and as former chairman of the Democratic National Committee.

About 50 people attended the weekend soiree in Delaplane, said Conway Porter, chairman of the Fauquier County Democratic Party.

McAuliffe “talked about bringing jobs to Virginia,” Porter told Watchdog.org on Monday. “He also talked about education.”

McAuliffe’s record on job creation has been mocked by his Republican rival, Virginia Attorney General Ken Cuccinelli, and questioned in numerous news reports.

The New York Times cited memos from Democratic Gov. Tim Kaine’s administration expressing “‘grave doubts’ about (McAuliffe’s) business model” at GreenTech. GTA leases an assembly plant in Mississippi, where the company says it employs 78 workers.

In a July 2012 interview with CNN, McAuliffe said, “We’re going to have 1,000 employees by next year.”

The amount of cash raised for McAuliffe at Richardson’s Delaplane home was not divulged. An invitation showed the entry fee to the private event started at $250 for “guests.” Other admission categories were listed as “Friend” ($500), “Sponsor” ($1,000), “Patron” ($2,500) and “Co-host” ($5,000).

Neither Richardson nor McAuliffe’s campaign responded to Watchdog’s requests for comment.

As a director of Gulf Coast, Richardson helps raise capital for GreenTech through the federal “EB-5” visa-investor program. That program grants U.S. residency to foreign nationals who invest at least $500,000 in qualified U.S. companies.

Gulf Coast’s president is Anthony Rodham, the younger brother of Hillary Clinton.

During Bill Clinton’s tenure, McAuliffe, a formidable political fundraiser, was known in Democratic circles as the “booking agent for the Lincoln Bedroom.”

Richardson, who served as Bill Clinton’s IRS commissioner from 1993 to 1997, also is a board member of the local Piedmont Environmental Council.

The PEC has engaged in an ongoing battle against Fauquier County farmer Martha Boneta over her sale of farm products.

Meanwhile, Watchdog reported, the IRS notified Boneta that it would be auditing her 2010 and 2011 tax returns.

Richardson cautioned against jumping to conclusions.

“Coincidences do happen,” she told Watchdog last month.

Boneta asserts that the audits are a “coordinated effort” to force her off her farm.

In April, GreenTech sued Watchdog for $85 million, alleging that its reporting defamed the company and damaged its prospects with investors.

Kenric Ward is chief of the Virginia Bureau. Contact him at [email protected] or at (571) 319-9824. @Kenricward

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Part of 76 in the series Terry McAuliffe - Carmogul
  1. VA: As he runs for governor, McAuliffe wheels and deals electric cars in Mississippi
  2. VA: Media echo Watchdog exclusive on McAuliffe’s electric car maneuvers
  3. No news here: PolitFact brands Terry McAuliffe’s electric-car claim ‘false’
  4. Experts question source of McAuliffe car-company funding
  5. Terry McAuliffe on business ventures: ‘Some work, some don’t’
  6. How McAuliffe’s car company failed the Virginia test, landed in Mississippi
  7. Virginia official wants probe of McAuliffe company ‘visa-for-sale’ program
  8. McAuliffe car company sues Watchdog in libel claim
  9. Barack Obama’s GreenTech connection: Rick Wade
  10. Silence, secrecy, cops follow GreenTech’s China deal
  11. McAuliffe hones China’s crony-capitalism model in U.S.
  12. Promises keep Tunica County afloat
  13. McAuliffe company’s China hook-up: Will it work?
  14. McAuliffe car lags in Domino’s delivery
  15. McAuliffe car co. parent in off-shore tax shelter
  16. Lawmaker gives feds one more week for EB-5 answers
  17. Bolling: McAuliffe’s Mississippi package ‘attractive’
  18. Inside, execs knew McAuliffe plan had ‘substantial risk’
  19. Union darling McAuliffe and his non-union car company
  20. Did Clinton aid the birth of ‘McAuliffe’ car company?
  21. McAuliffe feels heat over GreenTech resignation
  22. TV report: One year later, ‘party is over’ at GreenTech
  23. Months after he said he left company, McAuliffe kept talking GreenTech
  24. Clinton connection: More money for McAuliffe
  25. Terry McAuliffe used loophole to avoid key SEC oversight of his car company
  26. VA officials: McAuliffe green car more politics than biz
  27. McAuliffe car company announces it’s ready to roll — again
  28. Before Watchdog, McAuliffe blamed federal officials for money trouble
  29. McAuliffe gets cash from GreenTech exec, board members
  30. Watchdog report on McAuliffe spurs FOI request to Homeland Security
  31. McAuliffe leaves GreenTech questions hanging at debate
  32. Totally wired: McAuliffe went to Napolitano to expedite company funding
  33. McAuliffe bragged about GreenTech’s cash position while begging feds for faster processing of ‘cash for visas’
  34. Investigation targets Homeland official’s relationship to McAuliffe company
  35. Even before news of federal probe, McAuliffe ducked GreenTech questions
  36. McAuliffe company pressed Homeland official on 81 investor visas
  37. Rodham company sought visa for controversial Chinese exec
  38. Immigration official says he met with McAuliffe to discuss visas for foreign investors
  39. Whiners: Mayorkas says Gulf Coast ‘continues to complain’
  40. VIDEO: Ex-GreenTech employee says little happened at Horn Lake plant
  41. Online ad to Terry McAuliffe: Drop your lawsuit
  42. National security on ‘hold’: Lawmakers press McAuliffe for answers
  43. Citizens United documentary film delves into McAuliffe, GreenTech
  44. VIDEO: Terry McAuliffe’s 15 million-square-foot car plant … in China
  45. Feds call McAuliffe car company’s use of investment program ‘possible fraud’
  46. GreenTech courted Obama’s Solyndra aide
  47. GOP legislators call for McAuliffe to answer GreenTech questions
  48. McAuliffe ‘desperate’ over documentary, Citizens United says
  49. GreenTech weighed Fisker-style federal loan
  50. Group tells Terry: Follow ‘McAuliffe Standard’ on disclosure
  51. Car and Driver races into GreenTech controversy
  52. Congressman: McAuliffe owes Virginians explanation about White House meeting
  53. Feds loosen oversight as McAuliffe car company makes mysterious management change
  54. GreenTech execs use Times and ABC to throw McAuliffe under the (non-electric) bus
  55. Aide in union contribution swap hosts California fund-raiser for McAuliffe
  56. Despite denials, docs show McAuliffe company asked feds to fast-track visa for investor tied to spy list
  57. Former Democrat Party director was on GreenTech payroll
  58. More bad news for McAuliffe car company as GreenTech China venture stalls
  59. Clinton Foundation posts deficits on McAuliffe’s watch
  60. VIDEO: GreenTech record dogs McAuliffe at energy forum
  61. Auto industry expert labels McAuliffe electric car ‘preposterous’
  62. Democratic leaders have their own Bain pain in Mideast private equity deal
  63. Hillary PAC adviser served as GreenTech spokeswoman
  64. New emails add evidence McAuliffe pressed U.S. officials to approve GreenTech funding
  65. After endorsement, Post shrinks facts to cover Terry McAuliffe
  66. Ties that bind: Following the McAuliffe-Clinton money trail
  67. McAuliffe tilts at windmills; Chinese venture goes bust
  68. Federal investigations cast shadow over McAuliffe on Election Day
  69. DHS inspector over GreenTech-McAuliffe case is under investigation
  70. McAuliffe names former GreenTech employee secretary of commonwealth
  71. McAuliffe lawyers, accountants sort GreenTech stock amid federal investigations
  72. Nuking filibusters, Dems clear way for Mayorkas at Homeland Security
  73. U.S. judge hands Watchdog a victory over VA governor’s green-car company
  74. Attorney: McAuliffe is ‘100 percent divested’ of GreenTech
  75. Investigation finds Mayorkas used visa program to help White House allies
  76. Criminal investigation sought in McAuliffe-Mayorkas dealings


Kenric Ward was a former San Antonio-based reporter for Watchdog.org.

  • John

    I find Terry McAuliffe to be as dishonest a person as exists on this planet. He seems incapable of telling the truth. If this man was to win the Governorship of Virginia we would quickly see out state go into a really dismal condition! The man is at best a trainwreck and at worst a destroyer of everything we hold dear. Evil is the key word. See the smile and the look in his eye that says, “I will destroy you”

  • newsnose

    Have to laugh as more and more Big Money people pop up for the Democrats and yet they insist the Republicans are those with big money connections.

  • HS

    Jesse Unruh (D, CA) said: “If you can’t eat their food, drink their booze, screw their women and then vote against them, you have no business being up here.”

    Given the absolute necessity of advertising to gain office, what do we expect? We need someone with the guts and character to vote against them when it’s in the public interest. We need someone in office who understands the difference between the public interest and corporate interest.

  • HS

    Right! And he’s a muslin socialist borne in kenya who pals around with terrorists!

  • John

    The fact is the top 400 wealthiest people in this country only 4 are either independent or Republicans. All the rest are registered Democrats. Most people do not have any idea who the uber wealthy are in this country. Also, Wall street donates to the democratic party at a rate of 4 to 1 in dollars. So the demoncrats claim is just one more of their lies. They have never been for the little guy and are only interested in their own power. The word Satan literally means the accuser. That is why God made it one his top ten, “Do not lie and bear false witness against thy neighbor”. The lie is the major tool along with character assassination by the demoncrats.

  • John

    I think you missed the whole point of what I am talking about. You seem to be a conservative with liberal tendencies. Or you just misread my post. McAuliffe is a total scumbag to be polite. In a world of justice he would have been hung at the age of 10.