Nikola (NKLA) Founder Trevor Milton Indicted for Fraud

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Go back to Nikola (NKLA) Founder Trevor Milton Indicted for Fraud

Nikola (NKLA) founder Trevor Milton said to have posted a $100 million bond, secured by two $40 million properties - CNBC

July 29, 2021 2:01 PM EDT

Nikola (NASDAQ: NKLA) founder Trevor Milton said to have posted a $100 million bond, secured by two $40 million properties - CNBC

... More

U.S. charges Nikola founder Trevor Milton with lying to investors

July 29, 2021 8:47 AM EDT

By Jonathan Stempel and Ben Klayman

NEW YORK (Reuters) -Trevor Milton, the billionaire founder and former chief executive of Nikola Corp, was criminally charged on Thursday with defrauding investors by lying to them about the electric- and hydrogen-powered truck maker.

Milton, 39, pleaded not guilty at a hearing in Manhattan federal court to two counts of securities fraud and one count of wire fraud over statements he made from November 2019 to September 2020 about Nikola's products and technology.

Authorities said Milton relied on a public relations blitz of social media posts as well as TV and podcast... More

UPDATE: Nikola (NKLA) Founder Trevor Milton Charged with Making False Statements - Bloomberg

July 29, 2021 8:31 AM EDT

(Updated - July 29, 2021 8:39 AM EDT)

Nikola (NASDAQ: NKLA) Founder Milton Charged with Making False Statements - Bloomberg

U.S. Attorney in New York Unseals Indictment Against Trevor MiltonMilton Charged with Making False Statements to InvestorsU.S. Attorney Will Hold Press Conference on Milton at 11 a.m.... More