Recode reports:

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. And while the probe is in the early stages, it threatens to destabilize the world of Thiel, who heads an enormously influential network of tech investors, startup founders, and political allies across Silicon Valley.

There’s much more at the link. 

Thiel is the billionaire co-founder of PayPal and currently sits on Facebook’s board. 

In 2016, he spoke in support of Trump at the Republican National Convention and donated heavily to Trump’s campaign. 

He is perhaps most infamous outside of the business world for having sued Gawker into oblivion for outing him.