Founder of Nikola fined $1 million and given a four-year prison sentence for fraudulent activities connected to the company’s vaporware electric truck
Nikola Founder Sentenced to Jail in Fraud Case Former CEO of Nikola, Trevor Milton, has been sentenced to four years in jail for his involvement in a fraud case related to the electric truck manufacturer. Milton had falsely claimed that Nikola had developed its vehicle from scratch, leading investors to believe in the company's technology. In […]