Jia Yueting, who was stranded on the other side of the ocean for five years and could not "return to China next week" after a leaky roof, recently suffered another heavy blow in the United States. This time he may really be at the end of the road and will not be able to mix anymore. What the hell is going on?
1. Can't mix in the U.S.?
"Let's work together, suffocate for the dream", Jia Yueting, who was in the highlight moment in 2014, shouted this sentence in the spotlight, and the audience was a hot follower, who became a hero in the minds of many people and received a wave of applause. Just three years later, in 2017, the LeTV Building collapsed, jia Yueting was defeated, and ran to the United States, leaving only the hot stem of "returning to China next week", being ridiculed by netizens, and the scolding of domestic creditors. In the United States, Jia Yueting started the "new energy vehicle dream", still full of friends, mixed up. However, today, all kinds of signs show that Jia Yueting can't continue to mix in the United States.
2. Order fraud rate of more than 90%?
Faraday Future (FF), which Jia Yueting founded in the United States, was close to suffocation, and landed on the NASDAQ in the United States last year through a backdoor listing, which was able to temporarily renew its life. In response to the reporter's question about whether to "return to China next week", Jia Yueting replied with a spring breeze: "That is necessary." "But now it seems that Jia Yueting may never be able to return to China, because FF is undergoing a purgatory-like test, Jia Yueting repeated his old tricks, and moved the set of past fraud and exaggerated propaganda to the United States, but it was counterfeited."
In response to the previous allegations from the short-selling agency, FF set up a special committee of independent directors to conduct an investigation. Do not check do not know, a check frightened, the original FF's first model FF91, its order data fraud degree is appalling. FF officials previously claimed to have received more than 140,000 orders, but in fact, only a few hundred orders had real payments, and the others (a total of 14,000 copies) were not paid at all, which was an invalid order. This means that the order fraud rate of FF91 exceeds 90%, and Jia Yueting is so bold and arrogant, which is a big surprise.
3. Jia Yueting is at the end of his rope?
The first model, the market does not pay, will form a vicious circle, the future of FF is worrying. Not to mention that the biggest problem of FF is lack of money, even if someone buys FF91, FF may not be able to deliver benignly. Not long ago, FF received a warning letter from the US Securities and Exchange Commission, the original FF is now not even the third quarter of last year's financial report, has not been submitted, has been listed as a non-compliant listed company, if the expiration has not been submitted, the high probability will be delisted. How bad the actual financial status of FF is now afraid to disclose.
Although Jia Yueting resigned as CEO of FF in 2019, the investigation by the FF Independent Directors Special Committee found that Jia Yueting "still controls FF companies through direct control, holding positions, hiring relatives, etc.", such as Wang Jiawei, vice president of FF Global Capital Markets, who is Jia Yueting's nephew. FF has so many problems that a sudden change occurs internally. FF has created a new position as executive chairman of the board of directors, to which Jia Yueting will report; Wang Jiawei has also been suspended without pay. It is an indisputable fact that Jia Yueting was stripped of power and even lost control.
In China, Jia Yueting's credit and personality have gone bankrupt, and former fans have long since woken up, calling him a liar, and countless creditors hate him to the bone. In the United States, the life-saving straw FF has a confused future, even the control is lost, and Jia Yueting has also been denounced by the Americans as a liar, FF "is just a barrel of raising money from American investors, and then pouring the money into the debt black hole created by its founder, Jia Yueting, China's most well-known securities fraudster." It seems that no matter where it is, Jia Yueting is destined to be nailed to the pillar of shame that reads "liar" for a lifetime.