A 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.
founder Trevor Milton of fraud, calling him a "con man" who lied about the low-emission vehicle company to defraud ordinary investors.
"It's a distortion to say that Trevor Milton intended to commit fraud when the statements he made were about the Nikola business model," Mukasey said. "Trevor Milton is a con man," Estes said. "His lies may have been on social media, but his was an old-fashioned fraud." Milton was obsessed with the company's stock price and made the statements to inflate it and his net worth, Estes told the jury.
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