Tuesday, December 19, 2023

EV startup founders made big claims, now one could go to prison

A federal judge in Manhattan will sentence Trevor Milton, founder and former CEO of the truck company Nikola, after a jury found him guilty last year of one count of securities fraud and two counts of wire fraud. Milton was accused of pumping up the value of Nikola stock by making extravagant claims about the company.

from Tech-Economic Times https://ift.tt/HP7bTcA

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