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Faraday Future paid $7.5M to founder's company amid SEC probe and financial struggles in 2025

Market News
30 Apr 2026
TechCrunch
View Source
Bearish
pluang ai news

In 2025, Faraday Future paid approximately $7.5 million to FF Global Partners LLC, a company controlled by its founder Jia Yueting, despite delivering only four vehicles and losing nearly $400 million that year. These payments included consulting fees, bonuses, and loan repayments, occurring while the company was under SEC investigation for related party transactions and disclosure issues. The SEC investigation, which began after concerns about Jia's control and early EV sales, was dropped in March 2026. Jia, previously sidelined due to misrepresentations and blacklisted in China, was reinstated as CEO amid ongoing control by FF Global, which also holds significant influence over Faraday Future's operations and management.

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