July 9, 2014

ANNALS OF CRONY CAPITALISM: McAuliffe picks GreenTech funder for lottery. “Gov. Terry McAuliffe has named a director of GreenTech Automotive’s funding arm to be deputy chief of the Virginia Lottery. The appointment of Randy Wright comes a year after a federal investigation began into Gulf Coast Funds Management and money raised for the electric-car company McAuliffe says he founded in 2009. Wright, of Norfolk, sits on Gulf Coast’s three-member board, though McAuliffe’s announcement did not mention that fact.”