Nikola Corp. (NKLA) founder Trevor Milton guilty of fraud - Phoenix Business Journal

By Phoenix Business Journal staffTrevor Milton, the founder and former executive chairman of Phoenix-based Nikola Corp. was found guilty of fraud Friday afternoon based on allegations he had lied about the electric vehicle company’s technology.that after five hours of deliberation a federal jury found Milton guilty of one count of securities fraud and two counts of wire fraud. He was acquitted of one additional count of securities fraud.

On the flip side, Milton’s attorneys said their client didn’t intend to defraud the company and that any statements he made weren’t the cause of the crash of Nikola’s stock price that cost the company billions.Trouble started for Milton in September 2020 after short seller Hindenburg Research published a report calling Nikola “an intricate fraud built on dozens of lies.” Milton left the company soon thereafter.

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Trevor Milton, founder of Nikola, found guilty of fraud | CNN BusinessNikola founder Trevor Milton was convicted Friday by a U.S. jury of fraud in a case alleging he lied to investors about the electric and hydrogen fuel cell company's technology. What is the meaning of this?!?!? We're watching CBS programming on DISH TV AND SUDDENLY AT 8:00 PM PROGRAMMING STOPS WITHOUT AN EXPLANATION!!! He is st
Source: CNN - 🏆 4. / 95 Read more »