The FBI is investigating a venture capital fund started by Peter Thiel for financial misconduct - 2019-09-12

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F0.png The FBI is investigating a venture capital fund started by Peter Thiel for financial misconduct September 12, 2019, Theodore Schleifer, Vox

Federal investigators are probing the conduct and practices of Mithril Capital, a venture capital firm co-founded by Peter Thiel, Recode has learned.

US officials — including the FBI — have in recent months questioned some people close to Mithril regarding concerns of possible financial misconduct at the firm, according to people familiar with the matter who insisted on anonymity given its sensitivity. Mithril confirmed in a statement that its lawyers are in touch with government authorities.

Mithril's leader, Ajay Royan, has worked with Thiel for almost two decades and has used that relationship to raise over $1 billion. But in recent years, Royan has frustrated some of his investors by sitting on some of their money rather than investing it in startups — while almost certainly raking in millions of dollars in fees for himself.

Wikipedia cite:
{{cite news | first = Theodore | last = Schleifer | title = The FBI is investigating a venture capital fund started by Peter Thiel for financial misconduct | url = https://www.vox.com/recode/2019/9/12/20859055/mithril-capital-federal-investigation-peter-thiel-ajay-royan | work = Vox | date = September 12, 2019 | accessdate = September 13, 2019 }}