Faraday Future members subpoenaed over inaccurate statements

Certain members of Faraday Future Intelligent Electric’s management team received a subpoena from the U.S. Securities and Exchange Commission as part of a probe into inaccurate statements made to the EV company’s investors. “An internal review had in February identified certain inaccurate statements and the company cut the base salaries of its Chief Executive Carsten Breitfield and founder Jia Yueting, asking them to report to newly appointed Executive Chairperson Susan Swenson,” said Driving. (Source: Driving) Read the original article.

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