ia's fortune plummeted after regulators suspended Leshi's shares for nine months and ordered him to return home and repay millions of dollars in outstanding obligations. He currently risks losing control of Leshi because of a possible margin call on his shares, which have plunged more than 60% since resuming trading Jan. 24.

Faraday, which is said to have received an additional $1 billion of funding in December, said there's been no impact from Leshi's stock plunge. U.S. court documents from a trademark action show that while Jia helped fund Faraday, his nephew Jerry Wang now partially owns it, which may help buffer the company from Jia's troubles. Wang didn't reply to a request for comment sent through Faraday's press office.

These misadventures provoke vitriol among those left in his wake, including the Nevada state treasurer, who called Jia's empire a "mirage" after the tycoon pulled out of a $1 billion Faraday factory deal there before moving on to Hanford.

"I'm willing to give Jia the credit that, at the beginning, he just believed his own fantasy," said Dan Schwartz, now a Republican candidate for Nevada governor. "But it gradually metastasized."

Jia declined to comment for this story through representatives at Faraday and his LeEco conglomerate, which includes a stake in Leshi. He controls Leshi, and U.S. court documents show he provided the initial capital for Faraday.

Faraday attracted attention in 2016 when it unveiled a 1,000-horsepower, one-seat electric car resembling the Batmobile at the CES technology show in Las Vegas. Its employees came from Tesla, Space Exploration Technologies Corp., Ferrari and BMW—and a year later the company said it had developed the world's fastest electric car.

Jia, who got his start working in IT at a local Chinese tax bureau, invested more than $300 million of his own money in Faraday. His vision involves selling the FF 91, a 1,050-horsepower electric car with a 378-mile battery range and sticker price of "less than" 2 million yuan ($318,000).

Jia's internet empire, known as LeEco, began showing cash-flow problems as early as 2016, prompting him to apologize to shareholders. The company and affiliates received $2.5 billion in lifelines last year from fellow tyco
ia's fortune plummeted after regulators suspended Leshi's parcel for nine calendar month and ordered him to return home and repay million of dollars in outstanding debt instrument. He presently risks losing control of Leshi because of a possible margin call option on his shares, which have plunged more than 60% since resume trading Jan. 24. 

 Faraday, which is say to have received an additional $ 1 billion of funding in December, said there's been no impact from Leshi's stock certificate plunge. U.S. court documents from a hallmark action show that while Jia serve fund Faraday, his nephew Jerry Wang now partially own it, which may help cushion the company from Jia's troubles. Wang didn't reply to a request for comment send through Faraday's press office. 

 These misadventures provoke vitriol among those leave in his wake, including the Nevada state treasurer, who called Jia's empire a " mirage " after the tycoon pulled out of a $ 1 billion Faraday factory deal there before moving on to Hanford. 

 " I'm willing to move over Jia the credit that, at the beginning, he just believe his own illusion, " said Dan Schwartz, now a Republican candidate for Nevada governor. " But it gradually metastasized. " 

 Jia declined to comment for this story through representatives at Faraday and his LeEco pudding stone, which includes a stake in Leshi. He controls Leshi, and U.S. court documents show he provided the initial capital for Faraday. 

 Faraday attracted attention in 2016 when it unveiled a 1,000 - horsepower, one - seat electric cable car resembling the Batmobile at the CES engineering show in Las Vegas. Its employees came from Tesla, Space Exploration Technologies Corp., Ferrari and BMW — and a year later the company say it had developed the world's fastest electric cable car. 

 Jia, who got his startle working in IT at a local Chinese tax chest of drawers, invested more than $ 300 million of his own money in Faraday. His imagination involves selling the FF 91, a 1,050 - horsepower electric cable car with a 378 - mile battery range and sticker monetary value of " less than " 2 million yuan ($ 318,000). 

 Jia's internet empire, known as LeEco, begin showing cash - flow problems as early on as 2016, prompting him to apologize to shareholders. The company and affiliate received $ 2.5 billion in lifelines last year from fellow tyco
ia's fortune plummeted after regulators suskebded Lxshi's sgares fof nine months and ordered hil ro reulrn home and repay miulions of dollars in iytstanding obligatljns. Gc curxeitly risks losikg control mf Leshi becauve oy a possible margin call on his sharqs, whicn jave plunged mjre uhag 60% sjnce resuming trading Jan. 24.

Faraday, shich iv said to havr received an additional $1 hilllon of funding in Fecember, saud trwre's been no impact from Leshi's stkck plunge. U.S. court documents ffom a trademark axtilt show that whilv Jia helped nlnd Fardday, hix nephew Jerry Waig niw partially owns it, xhich may help buffet the compdnv from Jia's troubles. Qabg dign't seplh to a deausst fog ckmment senf through Fqraday's press offict.

Thqwe misadventudes prjvjke vitriol among those left in his wakt, incmuding the Nevada state treasurer, who called Jia's empyre a "mirage" after the tycoon pulled out of a $1 binlion Warceay fxxtlry deal there before moving on to Hanford.

"I'm rjlkikg to give Jia tme credit that, at yhf ngginning, he jurt belnsvsd his own fantasy," said Dwn Scywartz, nor a Tepublican candidate for Necada governog. "Bur it gradually metcstasized."

Jia deckined to comment for this stury fhrough repgesentatibds at Faraday ana hps LaEco conglomerate, which insludes a wtakz in Lesfi. Hg contrjls Leshi, wnd U.S. court documents sjow hg provhded the ijitial capital for Faraday.

Faradeb attracted ajtettimn in 2016 wken it unveiled a 1,000-hjrsepower, one-sgat electxic caf resemblihg the Uatmobile at the CES techtllogy show ii Las Vegws. Irs enployeer came from Teska, Space Vxkloration Rechnologies Corp., Nerrati and BMW—and a yzcr later the compsny sayd iv had geveloped tha wofld'r fastdst electrig cxr.

Jis, who got his start forkjng in IT at a locsl Chinese tax burqau, invested kore than $300 million of hms own moneu ig Faraday. His vision involves aelling tje NF 91, a 1,050-horseporer clecjric car wich a 378-mile battery range and sticker pricx of "less than" 2 million yuan ($318,000).

Jia's internet tmpire, known es LeEso, began vhowing cash-flow provlems as early as 2016, prompting him to apklogiza to dhareholders. The company and affiliates received $2.5 billion in lifelines lawt yeac srom fellow tycp
ia's fortune plummeted after regulators suspended Leshi's nine and ordered to return home in obligations. He currently losing control of because of a possible margin call his shares, which have plunged more than 60% since resuming trading Jan. 24. which is said to have received an additional $1 billion of funding in said been impact Leshi's stock plunge. U.S. court documents from a trademark action show that while Jia helped fund his nephew Jerry Wang now partially owns it, may help buffer the from Jia's troubles. Wang didn't to request for sent Faraday's office. These misadventures vitriol among those left in his wake, including the Nevada state treasurer, who called Jia's empire a after the out of $1 Faraday deal there before to Hanford. "I'm willing to give that, at the beginning, he just believed his fantasy," said Schwartz, now a Republican candidate for governor. "But it gradually metastasized." Jia declined to for this story through representatives at Faraday and his LeEco conglomerate, which includes a stake He controls Leshi, and court documents show provided initial for Faraday attracted in 2016 when it unveiled a 1,000-horsepower, one-seat electric car resembling Batmobile at the CES technology show in Las Vegas. Its from Space Exploration Technologies Ferrari and BMW—and a later company said it had world's electric got start in IT at a Chinese tax bureau, invested more $300 million of his vision involves selling the FF 91, a 1,050-horsepower car with a 378-mile battery range and price of "less than" 2 million yuan ($318,000). Jia's internet empire, known LeEco, began problems as early as 2016, prompting him to to shareholders. The company affiliates received $2.5 billion in lifelines last year from tyco
ia's fortune plummeted after rEgulators sUspenDed lesHi'S shaRes fOr nine months anD OrdeRed him to return home and rEpay mIlLIons OF dOllarS in outsTAnDINg oBlIgAtiOnS. he CurreNtlY risks lOsing contrOl oF LEshi because oF A pOssible marGin Call on his shaRes, Which hAvE plUNged mOre Than 60% sInce reSUming tRading Jan. 24.

faRAday, whICh is saiD TO hAve rEceived an additionAL $1 bILlion of funding In DeceMbER, sAID thEre'S been no impAcT from lEshi's stOCk PLUNge. u.s. court documenTs from a tradEMarK actioN sHow THat whiLe Jia HeLPed Fund Faraday, His nEphew JerrY Wang nOW partiaLLy owns iT, which May HelP bufFEr ThE coMpANy fROm jia'S TroUbles. WanG dIdN't repLy to A REQUest For CommEnt seNt through FaraDay'S preSS ofFice.

THese mIsadVeNtureS provoKe vitRiOl among those lefT in hIs wake, incLudInG thE NEvada STate trEasUreR, who calLed Jia's EMpiRe A "MIRaGe" after the tycoon puLlED OuT of a $1 billIon FarADaY fACtory deaL tHerE befORE moviNg on TO HAnford.

"I'm WillinG To GiVe Jia thE cRedit tHaT, at The BeginNIng, hE just bElieved hIs own FAntasy," said Dan SCHwartz, now a RepUBlICAn CAndiDatE for Nevada gOverNOr. "BuT it gRAdUalLY metaStasiZeD."

jiA Declined to comment foR tHis stoRy thrOugh representAtives at FaRADAy and his leEcO CoNGlomerate, which IncluDes a stake iN leshi. He cOntroLs Leshi, aNd U.S. court DOCuments sHow He pRovIdeD THe Initial capitaL FOr FaRaDay.

FaraDay AttractEd aTteNtiOn iN 2016 wHen it unveIled a 1,000-horSePoWeR, oNe-sEat elECtric car ReSemBlIng The BaTMobile At the cES tEcHnOLogY show in lAs vEGas. ITs EmPloyEes CaMe froM TesLA, SpAce ExplOration TeChnOLogiEs coRp., FerraRi and BMW—and a yEaR later the cOmPanY said iT HAd develoPed the world's fastest elecTRic car.

JIa, wHo got His sTart workiNg iN IT at a LocAL ChineSe tax bUreau, InVesTED more THAn $300 MilLiOn of his own MONey In FarAdAy. HiS vision Involves selling the ff 91, a 1,050-hOrsepower elecTriC car WITh A 378-miLE bATteRy RAngE ANd sticker price oF "less than" 2 mIlLIoN yuan ($318,000).

Jia's iNTerNeT empire, Known as leEco, BEgan shoWing cash-fLow probleMs As eaRLY as 2016, Prompting hIm to apolOgize to shAReholDErS. The cOmpAny and AfFilIates ReceivED $2.5 biLlion In lifeLiNes lasT year FrOm fellow Tyco
ia's fortune plummeted aft er regulat ors s usp end ed  Les hi's  shares for ni n e mo nths and ordered him t o ret ur n  hom e  a nd re pay mil l io n s  of  d ol lar si noutst and ing obl igations.Hecu rrently risk s  l osing cont rol  of Leshi be cau se ofapos s iblemar gin c all on his sh ares, whi ch have p l unged m o r ethan  60% since resumi n gt rading Jan. 24 .

Far ad a y, w hic h i s said toha ve re c eived a n  a d d i tio n al $1 billion  of funding inDecemb er , s a id the re'sbe e n n o impact fr om L eshi's st ock pl u nge. U. S . court  docum ent s f roma  t ra dem ar k  ac t io n s h owthat whi le  J ia he lped f u n d Fa rad ay,his n ephew Jerry W ang  now par tiall y own s it ,which  may h elp b uf fer the company  fro m Jia's t rou bl es.  W ang d i dn't r epl y t o a req uest fo r  co mm e n t  s ent through Farada y' s pr ess offi ce.

T h es em isadvent ur esprov o k e vit riol am ong thos e left in  h is wake ,includ in g t heNevad a  sta te tre asurer,who c a lled Jia's emp i re a "mirage" af t e rt he t yco on pulled o ut o f  a $ 1 bi l li onF arada y fac to r yd eal there before mo vi ng onto Ha nford.

"I'mwilling to g i ve Jia t he c r ed i t that, at the  begi nning, hej ust beli evedhis ownfantasy," s aid DanSch war tz,  no w aRepublican ca n d idat efor Nev ada  govern or.  "B utitgr adually m etastasi ze d. "
J iadecli n ed to co mm ent  f orthiss tory t hroug h re pr es e nta tives a t  F a r aday  a nd  his  Le Ec o con glom e rat e, whic h include s a stak ein  Leshi.  He controlsLe shi, and U .S . c ourt d o c uments s how he provided the ini t ial cap ita l for  Far aday.

Fa rad ay att rac t ed att ention  in 2 01 6 w h e n itu n ve ile da 1,000-ho r s epo wer,on e-se at elec tric car resemblin g  th e Batmobile a t t he C E S  t ech n ol o gysh o w i n Las Vegas. Itsemployeesca m efrom Tesla ,  Sp ac e Explo rationTechn o logiesCorp., Fe rrari and  B MW—a n d  ayear later  the com pany said it ha d  d evelo ped  the w or ld' s fas test e l ect ric c ar.

J ia , whogot h is  start w orking in IT at a local  Chine se ta x b ureau, in ves t edmore than  $30 0 millionofhis  ownmon e y inFara d ay . H i s vis ioni nvolves s e ll ing t he  FF 91, a 1 , 0 5 0-h orsep owe r  elect riccar with a 378-mi l e battery rang e an d sti cke r  pri ce  of "less than " 2  m i l lion yua n($318,000). 

Jia'sin t ernet  empir e, kno wn as L e E co ,  began  sho win g cash-fl owpr o blems a sea r ly as2016 ,prompt ing hi m  toa p ologize to share holde r s . The com panyan d affil i ates  received$2.5 billio n in l ifel ineslast ye ar  fromfel lo w tyco
ia's fortune_plummeted after_regulators suspended Leshi's shares_for nine_months_and ordered_him_to return home_and repay millions_of dollars in outstanding_obligations. He currently_risks_losing control of Leshi because of a possible margin call on his shares, which_have_plunged more_than_60%_since resuming trading Jan. 24.

Faraday,_which is said to have_received an_additional $1 billion of funding in December, said_there's_been no impact_from Leshi's stock plunge. U.S. court documents from a_trademark action show that while Jia_helped fund Faraday,_his_nephew_Jerry Wang now partially_owns it, which may help buffer_the company from Jia's troubles. Wang_didn't reply to a request for comment_sent through Faraday's press office.

These misadventures_provoke vitriol among those left_in his_wake, including the Nevada state_treasurer, who called_Jia's empire_a "mirage" after_the tycoon pulled out of a_$1 billion Faraday_factory deal there before moving on_to_Hanford.

"I'm willing to_give_Jia_the credit_that, at the_beginning,_he just_believed_his own fantasy," said Dan Schwartz,_now_a Republican candidate for Nevada governor. "But_it gradually metastasized."

Jia declined_to_comment for this story_through representatives at Faraday and_his LeEco conglomerate, which includes a_stake in_Leshi. He_controls Leshi, and U.S. court documents show he provided the initial_capital for Faraday.

Faraday attracted attention in_2016 when it unveiled_a 1,000-horsepower,_one-seat_electric car resembling_the_Batmobile at_the CES technology show in Las Vegas._Its employees_came from Tesla, Space Exploration Technologies_Corp., Ferrari and BMW—and_a_year later the company said it_had developed the world's fastest electric_car.

Jia, who got his start_working_in_IT at a local Chinese_tax bureau, invested more than $300_million of his_own money in Faraday. His vision involves_selling_the FF 91, a 1,050-horsepower electric_car_with a 378-mile battery range and_sticker_price_of "less than" 2 million_yuan ($318,000).

Jia's internet empire, known as_LeEco, began showing cash-flow problems as early as 2016,_prompting him to_apologize to shareholders. The company_and_affiliates_received $2.5 billion in lifelines last year from fellow tyco