A federal appeals court turned down a bid to revive a lawsuit accusing Hillary Clinton’s late brother of swindling Chinese investors out of $17M they put into an electric car company through a program that promised the possibility of American citizenship
A federal appeals court on Wednesday turned down a bid to revive a lawsuit accusing former Gov. Terry McAuliffe of Virginia and Hillary Clinton’s late brother, Tony Rodham, of swindling Chinese investors out of $17 million they plowed into an electric car company through a program that promised residency in the U.S. and the possibility of American citizenship.
“In toto, defendants’ statements ran in front of the facts on the ground,” Judge J. Harvie Wilkinson III wrote, joined by Judges Paul Niemeyer and Allyson Duncan. “There are no laurels in this case, no accolades to be bestowed. … False information is not useful to the market, and may lead investors to commit their resources in ways that will prove harmful.”
By signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time. Under U.S. law, foreigners can receive green cards through a program known as “EB-5” if they invest $500,000 in approved projects in distressed or rural areas. Critics have said much of the money has been used to subsidize projects in downtown areas not struggling economically.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Led Zeppelin’s ‘Stairway to Heaven’: Appeals Court to Review Lawsuit DecisionEleven-judge panel will rehear copyright case involving 1971 ‘Led Zeppelin IV’ track, Spirit’s “Taurus”
Read more »
US appeals court to revisit Led Zeppelin 'Stairway' decisionThe band, as well as lead singer Robert Plant and guitarist Jimmy Page, were accused of copyright infringement for stealing the riff from 'Taurus', a song written in 1967 by guitarist Randy Wolfe of the lesser-known band Spirit.
Read more »
The Supreme Court refuses to hear a Guantánamo detainee’s appealOn June 10th, the Supreme Court refused to entertain Moath al-Alwi’s latest legal challenge to his detainment
Read more »
House approves enforcing subpoenas in court against Trump officialsJUST IN: In vote along party lines, House passes resolution to enforce subpoenas in court against Trump officials.
Read more »
Tony Awards 2019: Anna Wintour reveals who inspired the pride flag flowers on the red carpetTony Awards 2019: Anna Wintour reveals who inspired the pride flag flowers on the red carpet (Exclusive)
Read more »
All the Best Red Carpet Moments From the Tony AwardsBefore the 73rd annual Tony Awards began, Vogue’s resident photographer Corey Tenold hit the step-and-repeat to capture all of the action.
Read more »