Again, we were under some pressure to issue bonds to support this project and I didn't have any objections at first, but as we got into it more and more it became clear that The financial backer didn't have any money and that what was ultimately a Ponzi scheme. and we put a stop to that. I was under pressure from the governor, from the mayor of North Las Vegas to issue the bonds and I said, I can't do that. (11:17–11:24)
CLAIM
Asserts that the financial backer of the Faraday Future project was involved in a Ponzi scheme.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
