Wang promised to build a $2 billion plant in Mississippi, and said that the company planned to produce 250,000 cars a year and provide 4,500 local jobs at full production.

U.S. federal chief judge Michael P. Mills wrote in an opinion on the dispute that Wang had taken actions of "dubious legality" in issuing Hybrid Kinetic Automotive Corp.

[6] Judge Mills noted that the company website described Wang as "a graduate of Duke Law School" who had formerly served as a "partner and the head of Asia practice for a prominent New York law firm [Cadwalader, Wickersham & Taft]" and who had, prior to that, held a similar position with a "prestigious Washington law firm"; however, the judge went on to comment that "While prominence and prestige are laudable attributes in today’s society, the older virtues of common honesty and integrity sometimes still carry the day.

[4][10] Wang said "It will mean 4,500 jobs at full production," and that the company aspired to command at least one-third of the U.S. automotive market down the line.

[11] David Cole, the chairman of the Center for Automotive Research, said Wang's claims were "very inflated from reality," and likely designed to attract investors.

[17] In 2013 GreenTech sued the Franklin Center for Government and Public Integrity, a nonprofit investigative-journalism organization, and its website Watchdog.org (as well as a journalist for the company), in federal court for $85 million for libel (noting among other things the website's characterization of GreenTech's company headquarters as "a broom closet").

[17][18][19] GreenTech merged with fledgling VL Automotive in 2014, intending to develop a traditionally powered version of the Fisker Karma, called the WM Destino.

[5] Mississippi State Auditor Stacey Pickering began a review in 2016 that found documentation reflecting only $3 million spent by GreenTech on automotive assembly equipment and parts.

[5][23] Three employees at the Horn Lake facility said that GreenTech management sometimes asked workers to make believe that they were assembling cars when potential investors visited the facility, usually from China, and that employees would remove parts from earlier assembled cars and reattach them.

This appears to have been a game of smoke and mirrors, and a corporate entity that never had any intention to deliver on the promises it made.

[24][23] The lawsuit accused McAuliffe, Wang, and Rodham of lies, manipulation, fraudulent misrepresentations, and running a “scam.”[23][24] The investors said that they were each swindled out of $560,000.