Courtroom convicted Nicola founder, choose allowed Milton to stay free on $100 million bond till sentencing in January

Courtroom finds Nikola founder responsible of securities fraud and wire fraud on 2 counts, acquits extra securities fraud Was Nikola Motors founder Trevor Milton a “con man” or simply overzealous? Milton was convicted of 1 depend of securities fraud and two counts of wire fraud, although acquitted on one extra depend of securities fraud, for … Read more

Nikola founder Trevor Milton is dealing with federal fraud costs

Trevor Milton touted his electrical car firm, Nikola, as the following Tesla, however federal prosecutors say the corporate was constructed on a collection of lies to defraud buyers. Milton’s meteoric rise as founder of electrical car firm Nikola — and a sudden downfall by whistleblowers final 12 months — got here after a damning report … Read more

Trevor Milton, former CEO of electrical truck maker Nikola, launches fraud trial TechCrunch

Trevor Milton, founder and former CEO of electrical truck maker Nikola, is on trial on federal expenses of wire and securities fraud beginning Monday after allegedly deceptive buyers concerning the firm’s technical and manufacturing capabilities. Nikola is amongst a number of electrical automobile startups which have struggled financially and operationally since going public via a … Read more