Faraday Future, the struggling electric vehicle company founded by Jia Yueting, has been paying out millions in questionable transactions to entities under Yueting’s control. In 2025, it paid around $7.5 million to FF Global Partners LLC, a company owned and controlled by Yueting.

This comes amid ongoing investigations by the Securities and Exchange Commission (SEC) into related party transactions, including whether Faraday Future accurately represented Jia’s level of control during its public listing in 2021 and whether it misrepresented early sales data. The SEC closed its investigation without action in March.

FF Global Partners LLC has been instrumental not just in financial dealings but also in supporting Jia’s return to power as the co-CEO of Faraday Future, despite his blacklist from China for financial fraud. This has raised questions about the company's governance and transparency.

The payments have included monthly consulting fees, a significant bonus payment, and loan repayments—all while Faraday Future struggled with low vehicle deliveries and substantial losses. The company’s annual proxy filing does not provide an explanation for $2.6 million of these payments.

As the EV market becomes more competitive, such opaque financial dealings could undermine investor confidence in Faraday Future's future prospects.