The United States v. Trevor Milton
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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 EDTNikola (NASDAQ: NKLA) founder Trevor Milton said to have posted a $100 million bond, secured by two $40 million properties - CNBC
... MoreNikola (NKLA) Founder Trevor Milton Indicted for Fraud
July 29, 2021 9:46 AM EDTNikola (NASDAQ: NKLA) founder Trevor Milton has been indicted on charges of making false and misleading statements to investors, the U.S. Department of Justice announced.
According to the indictment, from November 2019 to September 2020, Milton defrauded investors into buying Nikola shares through statements about... More
Pre-Open Stock Movers 07/29: (LC) (FLGC) (CTSH) Higher; (CTXS) (IRBT) (NKLA) Lower (more...)
July 29, 2021 9:28 AM EDTPre-Open Stock Movers:
LendingClub (NYSE: LC) 44.7% HIGHER; reported Q2 EPS of $0.09, $0.52 better than the analyst estimate of ($0.43). Revenue for the quarter came in at $204.4 million versus the consensus estimate of $134.55 million. LendingClub sees Q3 2021 revenue of $215-230 million, versus the consensus of $144.6 million. LendingClub sees FY2021 revenue of $750-780 million, versus the consensus of $543 million.
Citrix Systems (NASDAQ: CTXS) 15% LOWER; reported Q2... More
U.S. charges Nikola founder Trevor Milton with lying to investors
July 29, 2021 8:47 AM EDTBy 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