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US charges Nikola founder with fraud
published : 30 Jul 2021 at 07:45
1 US federal prosecutors say Nikola founder Trevor Milton claimed a semi-truck prototype was operational, when it actually was not
NEW YORK: US officials on Thursday charged Nikola founder and former executive chairman Trevor Milton with brazenly defrauding investors through a litany of false claims about the company s electric vehicles. In order to drive investor demand for Nikola s stock, Milton lied about nearly every aspect of the business, said US Attorney for the Southern District of New York Audrey Strauss at a news conference held after her office released a 49-page indictment of Milton on three counts of fraud.