Faraday Future Limits Founder’s Role After Completing Probe

(Bloomberg) — Faraday Future Intelligent Electric Inc. is limiting the role of its founder, Jia Yueting, following a months-long internal probe into allegations of fraud.

The electric vehicle startup is also putting one of its longest-serving executives on probation, and another resigned, according to a filing Thursday. Faraday Future said it took other “disciplinary actions” and fired some other employees who are not executive officers, without providing details.