The perpetually-struggling EV company made the payments while being investigated by the SEC. That four-year-long probe was ultimately closed in March.
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EV startup Faraday Future paid $7.5M to company tied to founder Jia Yueting
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This is an interesting development for Faraday Future, especially given the ongoing SEC investigation. It raises some important questions about the company’s financial decisions and future direction. Looking forward to seeing how this unfolds!