Paul Lackey, an engineer at the electric-drive systems company EVDrive that did contract work for Nikola, was testifying under questioning by the defense in the criminal trial of Nikola founder Trevor Milton. He said he gave short seller Hindenburg Research information in exchange for a share of its profits from shorting the company’s shares.
The US alleges that Milton, 40, lied to investors again and again to make Nikola look better than it was and pump up the stock. The defense has called the case “a prosecution by distortion.”
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Business Maverick: SA retail trade sales surge year-on-year in July, outlook remains bearishSouth African retail trade sales surged 8.6% in the year to July, Statistics South Africa said on Wednesday. That suggests a strong spending start to the third quarter, but base effects were the main reason for the number as July 2021 was marked by a wave of lethal riots that targeted retail outlets in Gauteng and KZN. On a monthly basis, sales were basically flat and the outlook is hardly upbeat.
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Business Maverick: Atomic watchdog chief sees no fast track for Japan nuke restartsJapan’s rigorous procedure for restarting nuclear reactors can’t be shortened, according to the nation’s top atomic watchdog, presenting a potential hurdle in the government’s effort to speed the revival of power plants. Fire the watchdog. ANC will show them how Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met JamesAlderson0 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks JamesAlderson0
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