Breaking: Nikola founder Trevor Milton was convicted of securities fraud for what prosecutors said were repeated lies about the development of his electric-truck company's zero-emissions vehicles and technology
A federal jury in New York convicted Nikola Corp. founder Trevor Milton of securities fraud for what prosecutors said wereFriday’s guilty verdict caps the downfall of Mr.
Milton, who founded Nikola in his basement in 2015 and took it public in 2020 at a valuation of $3.3 billion, when the company hadn’t sold a single truck. The company’s market valuation briefly exceeded that of industry giants such as Ford Motor Co.
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 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 »
Nikola founder Trevor Milton found guilty of fraud over statements he made while CEO of the EV companyTrevor Milton, who founded electric truck maker Nikola and ran it until September 2020, has been found guilty of fraud related to statements he made while CEO.
Read more »
Nikola founder was a 'con man,' U.S. prosecutor tells jurorsA federal prosecutor on Thursday urged jurors to convict Nikola Corp founder Trevor Milton of fraud, calling him a 'con man' who lied about the low-emission vehicle company to defraud ordinary investors.
Read more »
Nikola founder's trial goes to jury after final argumentsThe fate of Nikola founder Trevor Milton will be in the hands of a jury after he was portrayed in closing arguments as both a visionary and habitual liar.
Read more »
Local leaders ready to fight in the war against youth violenceWPMI NBC 15 provides local news, weather forecasts, notices of events and items of interest in the community, sports and entertainment programming for Mobile and nearby towns and communities in the Mobile Bay area including, in Alabama: Mobile, Prichard, Saraland, Satsuma, Creola, Bay Minette, Spanish Fort, Daphne, Fairhope, Irvington, Theodore, Tillmans Corner, Semmes, Loxley, Robertsdale, Chunchula, Grand Bay, Bayou La Batre, Point Clear, Foley, Elberta, Lillian, Orange Beach, Gulf Shores, Atmore, Brewton, McIntosh, Thomasville, Citronelle, Chickasaw, Dauphin Island, Mount Vernon, and Summerdale; in Florida: Perdido Key, Pensacola, Ft Walton Beach, Cantonment, Pace, Brent, Gulf Breeze, and Milton; and in Mississippi: Pascagoula, Moss Point, Gautier, Ocean Springs, and Biloxi.
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 »