Trevor Milton remains out of prison on bond. phoenix $NKLA
By Phoenix Business Journal staffTrevor Milton, the founder and former executive chairman of Phoenix-based Nikola Corp. was found guilty of fraud Friday afternoon based on allegations he had lied about the electric vehicle company’s technology.that after five hours of deliberation a federal jury found Milton guilty of one count of securities fraud and two counts of wire fraud. He was acquitted of one additional count of securities fraud.
On the flip side, Milton’s attorneys said their client didn’t intend to defraud the company and that any statements he made weren’t the cause of the crash of Nikola’s stock price that cost the company billions.Trouble started for Milton in September 2020 after short seller Hindenburg Research published a report calling Nikola “an intricate fraud built on dozens of lies.” Milton left the company soon thereafter.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nikola founder Trevor Milton convicted on three charges of fraud | EngadgetTrevor Milton, the founder and former executive chairman of Nikola, has been found guilty on three counts of fraud for misleading the electric vehicle company’s investors about its business and technology..
Read more »
Nikola Corp. founder Trevor Milton found guilty of fraudTrevor Milton was convicted of fraud for exaggerating claims about his company’s progress in producing trucks fueled by electricity or hydrogen.
Read more »
Trevor Milton, founder of Nikola Corp., found guilty of fraudThe founder of Nikola Corp. has been found guilty on charges he duped investors with exaggerated claims about his company’s production of zero-emission 18-wheel trucks.
Read more »
U.S. jury convicts Nikola founder of fraudNikola Corp founder Trevor Milton on Friday was convicted by a U.S. jury of fraud over allegations he lied to investors about the electric vehicle company's technology.
Read more »
Nikola founder Trevor Milton found guilty of securities fraud over misleading statementsA federal jury in New York convicted Nikola Corp. founder Trevor Milton of securities fraud for what prosecutors said were his repeated lies about the...
Read more »
Trevor Milton, founder of Nikola, found guilty of fraud | CNN BusinessNikola founder Trevor Milton was convicted Friday by a U.S. jury of fraud in a case alleging he lied to investors about the electric and hydrogen fuel cell company's technology.
Read more »