Ken Cuccinelli is Virginia's Attorney General - and he has spent millions of Virginia tax dollars to lose every single fucking case he has brought forward.

Cuccinelli hasn't won a single Godamn case he brought forward.

Cuccinelli's not just a loser - he is a fucking serial loser.

Cuccinelli has to be the biggest loser of an AG in Virginia's history.

Can somebody provide any reason why this Cuccinelli loser should be on the state's payroll after displaying such a pitiful record of complete failure again, and again, and again?

Maybe WingNut can explain how this is all Obama's fault.

Cuccinelli is running against a guy who is not from Virginia.
McAuwfulle was in Florida last year holding lunches and fundraisers to gauge the possiblity of running for office in that state.

Look up carpetbagger in the dictionary.

Here's the bottom line: McAuwfulle is the second coming of the John Edwards casual sex machine. Someone get the media to do their goddamn job and get me the intern, staff worker, or Demo-floozie who McAuwfulle has knocked up and that will close the deal for Cucc.

Terry McAuliffe used loophole to avoid key SEC oversight of his car company

By Watchdog Staff / June 26, 2013 / 2 Comments


Virginia gubernatorial candidate Terry McAuliffe says everybody should do business in Virginia — except for Terry McAuliffe, who says he’ll build his own car manufacturing company in Mississippi. And though he blasted Republican presidential candidate Mitt Romney for offshore banking, McAuliffe’s own car company is incorporated in a British Virgin Islands tax shelter.

And like any former chairman of the Democratic National Committee, he’s all for unions — except where his own car company is concerned.


.
DON’T REGULATE ME, BRO! McAuliffe blasted Bush-era White House for lax regulation. Now he actively looks for loopholes.

So it’s hardly surprising that though McAuliffe called for more government regulation of the financial industry when Republicans ran the White House, he wants less federal oversight of his car company’s efforts to solicit investments.

In a 2002 email to reporters, McAuliffe, then chairman of the Democratic National Committee, wrote, “The reality is that Bush and his Administration have given the green light to unscrupulous CEOs by helping to foster a business environment that says ‘if it feels good, do it,’ and, when confronted with the crisis, they offer toothless reforms.”

So why did GreenTech Automotive, the car company Terry McAuliffe says he created, file for an exemption from some federal securities regulation?

To answer that question, you have to understand the 1933 Securities Act requiring companies of all sizes to share key financial information with the Securities and Exchange Commission when they solicit money from investors.

The regulatory philosophy behind the new law — and the Securities and Exchange Commission created in 1934 — was clear: managed by the SEC, accurate financial information “enables investors, not the government, to make informed judgments about whether to purchase a company’s securities,” the SEC explains on its website. “In general, all securities offered in the U.S. must be registered with the SEC or must qualify for an exemption from the registration requirements.”

According to documents reviewed by Watchdog.org, GreenTech claimed it qualified for one of those disclosure exemptions because it solicited investments exclusively outside the United States. The first page of a 2009 private placement memorandum issued by the firm’s investor-relations arm, Gulf Coast Funds Management, states that the purchaser must be “a foreign national, acquiring the unit outside of the United States in reliance upon Regulation S under the Act.”

What exactly is Regulation S and how did it legally exempt GreenTech from the landmark “truth in securities” law?

“Regulation S was intended to help U.S. and foreign companies raise capital overseas quickly and inexpensively without having to comply with the expensive and lengthy registration process required under Section 5 of the 1933 Act,” securities expert Jerold N. Siegan wrote in a 2009 compliance manual, “Securities Law and Compliance Manual for Regulation S Offerings.”

Under Regulation S, the “safe harbor” exemption cited by Gulf Coast, companies are not required to comply with the SEC’s disclosure requirements as long as they comply with two requirements. According to the compliance manual, the investment (1) must be an “offshore transaction” and (2) cannot involve any “directed selling efforts” in the United States by the company or its representatives.

All available evidence suggests that GreenTech complied with both requirements, thereby legally circumventing the SEC.

Securities regulators also note that Regulation S does not exempt a company from all securities regulations. Companies that win the exemption can avoid filing registration forms with the SEC that “provide essential facts,” including “a description of the company’s properties and business; a description of the security to be offered for sale; information about the management of the company; and financial statements certified by independent accountants.”

Once upon a time, Terry McAuliffe might have called that “a business environment that says ‘if it feels good, do it.’”

Am curious. Does anyone have an exact dollar amount to the Taxpayers of Virginia for just his attempted prosecution on climate change? He attempted to (at first) charge 6 counts, but the Federal government had already heard this very same case against the very same person. Where the Federal government found no wrong doing. Which was evident prior to Cuccinelli trying to prosecute the guy again at a state level. When doing so, he was advised that 5 of the 6 cases were federal, so he could not pursue any but one count but of course there was already the federal clearance. Cuccinelli lost, appealed lost again, and then appealed again, which he again lost! I would like to know how much this witch hunt cost the taxpayers? How much was the grant for in the first place that he was able to go after for a state level case? Plus, how much did it cost the Public Education (what was he at the time, a professor at William and Mary?) I know they got donations for the defense, but those donations could have been used for something else, plus anything that wasn't covered by the donations - taxpayer funding? I'd like to know the total amount of cost from both the prosecution and the defense side considering it all comes from the taxpayers of Virginia in the grand scheme of things, or tuition hikes ... this all caused by Cuccinelli.

It is pretty amusing when the argument for a candidate is so thin that supporters point out that the guy born in NY is a carpetbagger when he is running against a guy born in New Jersey.

Not that anyone cares, but Upstate NY is not exactly Manhattan. The area McAuliffe grew up in probably has more in common with Virginia than you'd ever care to realize.

I'm still waiting for the VA GOP to tell Ken to step aside thanks to Star Scientific and let Bill Bolling run and win the election. Bolling beats McAuliffe. Ken doesn't because the GOP managed to find a weaker candidate than the weak Terry McAuliffe.