Category: Trevor Milton

Nikola Founder’s Jurors May See ‘Truck Rolling Down Hill’ Video at Trial

September 10, 2022
Business & MarketsCompaniesCrime and IncidentsNikolaTrevor MiltonUSUS News
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NEW YORK—Jurors at Nikola Corp. founder Trevor Milton’s fraud trial starting next week will be allowed to watch a marketing video that prosecutors said shows a truck appearing to drive on its own power when it was actually rolling down a hill, a judge ruled on Thursday. The ruling came after U.S. District Judge Edgardo…

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Nikola Corp. Agrees to Pay $125 Million to Settle SEC Charges of Defrauding Investors

December 22, 2021
Business & EconomychargesCompaniesDefraudinginvestorsNikolaSECsettlementTrevor Milton
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WASHINGTON—Nikola Corp. has agreed to pay $125 million to settle civil charges that it defrauded investors by misleading them about its products, technical advancements, and commercial prospects, the U.S. securities regulator said on Tuesday. The Securities and Exchange Commission (SEC) accused the electric vehicle maker of violating securities laws with numerous misleading statements made from…

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