Nikola founder Trevor Milton convicted on three charges of fraud
Nikola of staging an “elaborate ruse” to mislead the public about the status of its electric semi, Nikola One. While the company had published a video purporting to show the truck “cruising on a road at a high rate of speed,” Hindenburg said the truck had actually been “towed to the top of a hill on a remote stretch of road and simply filmed it rolling down the hill.
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Nikola founder Trevor Milton guilty of defrauding investorsMilton, 40, was found guilty Friday of one count of securities fraud and two counts of wire fraud by a federal jury in Manhattan.
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Nikola Founder Trevor Milton Convicted of Securities FraudBreaking: 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
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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...
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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.
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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.
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Head of zero-emission truck venture found guilty of fraudThe wealthy founder of Nikola Corp. was convicted Friday of charges he deceived investors with exaggerated claims about his company’s progress in producing zero-emission 18-wheel trucks fueled by electricity or hydrogen. A jury reached the verdict against Trevor Milton after deliberating for about five hours in federal court in Manhattan. Milton's lawyer, Marc Mukasey, signaled there would be an appeal.
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