Terry McAuliffe’s former car company probed by SEC

By Steve Contorno

Published August 2, 2013 4:00am ET

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Terry McAuliffe’s former car company probed by SEC — Former Mississippi Gov. Haley Barbour, left, and GreenTech Automotive chairman Terry McAuliffe take a quick spin in the plant after the unveiling of the company's new electric MyCar. (AP/Rogelio V. Solis) | Rogelio V. Solis

An electric car company started by Virginia’s Democratic gubernatorial nominee Terry McAuliffe is under a federal investigation.

According to a report by the The Washington Post, the Security and Exchange Commission subpoenaed documents in May from GreenTech Automotive, a company for which McAuliffe served as chairman until late last year. The SEC also requested banking information from Gulf Coast Funds Management, a McLean company run by a brother of Hillary Clinton that helped fund GreenTech.

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