Faraday Future faces potential SEC enforcement action after three-year probe

The Securities and Exchange Commission (in seconds) sent a letter Faraday will come The founder Jia Yueting and President Jerry Wang, as a while by warning the agency to apply to each other Three-year fraud investigation.

The letters known as “Wells notifications”, the commission employees, two executives, two executors and two executors and two executors and two executors and two executors and two former employees have made an internal determination Regulatory documents Was published on Wednesday.

Faraday wrote in information on “fake and misleading phrases” related to “fake and misleaded statements” related to the 2021 combination of the company. SEC, “Application of the provisions of the provisions of the provisions of federal securities laws, civil monies, household penalties, or any combination of the above or other fair relief or other fair relief or other fair relief”

The company also plans to inform the information with Jia and Wang – “Why the staff with the commission staff did not guarantee why the staff. Jia and Wang did not respond to requests immediately.

TechCrunch, SEC in recent weeks in recent weeks in recent weeks, according to more than one sediments, the two people with interviews were given anonymity because they were not authorized to talk about them.

However, this potential legal problem began to be brewed immediately after the company’s future for the future of Faraday to the public in July 2021.

As part of the spac combination process, the company brought several board members who did not interact with before. O Board members Faraday worried because the future of the future did not provide incorrect information to the investment community He also said that Jia was hiding the amount of control over the company. In addition, members were concerned about the way of money flow between the company and the sectors of the company and YIA.

The Council launched an internal probe, hired a highly strong law firm and forensicial accounting firm and determined that all of these things were true. As a result, they removed JIA and wang (Jia’s nephew), according to SEC documents, resigned after refusing to cooperate with the probe. In March 2022, Faraday Directors, who have an internal probe that has a domestic probe who sent subpoenas to the Faraday future. At the same time, the Department of Justice began to test the company. (The current state of the DOJ request is unknown.)

The investigation, which is the leadership of the equipment conducted by the Commission’s Los Angeles Organization, cudded to the last three years. Faraday, the future was sometimes announced by adopting consistent subpoenas, but it was not known until Wednesday morning to want the commission to continue the implementation campaign.

While the investigation continued, Jia rebuilded himself as a future leader in Faraday.

In 2022, the Directors, FF Global – FF Global, who tried to gain more power in the board, was subjected to great pressure. FF Global, Brian Krolski set a special goal to a board member. Matthias Aydt, who is currently in the future CEO of future CEO, Faraday, even Krolicki offered to pay If you step up to $ 700,000.

By the end of 2022, some Board members began to receive death threats. As a result, FF has fallen as the global global globally has agreed to finance the company to save alive.

In 2023, Faraday will eventually promise his first clients, although the future of numerous whistles This claimed that sales are fake and misleading. Nevertheless, JIA CO-CEO was called In April this year.