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Faraday Future paid 7.5M to a Jia Yueting linked firm while SEC probe dragged on

Technology
Published on 30 April 2026
Faraday Future paid 7.5M to a Jia Yueting linked firm while SEC probe dragged on

Payments kept flowing even as the SEC investigated

EV startup Faraday Future reportedly paid $7.5 million to a company connected to founder Jia Yueting while it was under a four-year SEC investigation. The probe has since been closed in March, but questions remain about the timing of the payments and the company’s financial runway during its long regulatory scrutiny.

  • Faraday Future made a $7.5M payment tied to Jia Yueting
  • The payment happened during an ongoing SEC investigation
  • The SEC probe concluded in March after four years
  • Investor concerns may grow over governance and cash use
Read the full story at TechCrunch

This summarization was done by Beige for a story published on TechCrunchTechCrunch

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