Connect with us


Nikola Founder Called ‘Con Artist’ by Prosecutors



Image for article titled Nikola Founder Called 'Con Artist' by Prosecutors

Nikola founder Trevor Milton was put on blast by prosecutors in a New York courtroom when they called him a “con man” while urging jurors to convict him for lying about the company’s status in order to defraud investors.

“Trevor Milton is a con man,” Assistant U.S. Attorney Jordan Estes said. “His lies may have been on social media, but his was an old-fashioned fraud.”

Reuters says this happened during closing arguments. Prosecutors say the 40-year-old deceived investors about the EV and hydrogen-powered truck maker’s technology as early as November 2019. He reportedly left the company a little less than a year later after the company was called a “fraud” by an investment company.

Assistant U.S. Attorney Jordan Estes recapped evidence from the trial that began last month, including testimony from individual retail investors who prosecutors have said Milton targeted in podcasts, interviews and social media.


Milton’s attorneys have said he believed in his vision for the company and that prosecutors distorted his statements about Nikola’s plans to shake up the automotive industry.

According to Automotive News, Milton is charged with two counts of securities fraud as well as two counts of wire fraud. If convicted, he faces years in prison.

Milton’s lawyers are calling the case a “prosecution by distortion,” saying he never actually meant to deceive potential investors.

Continue Reading

Recent News

Boiler Boiler
Guide1 hour ago

When Is the Best Time to Replace a Boiler?

A boiler is a workhorse that works around the clock. It provides heat and warm water whenever needed. While horses...

Grammar Grammar
Tech8 hours ago

Grammar Checkers Unleashed: Enhancing Writing Precision and Efficiency

In the present computerized age, the ascent of simulated intelligence innovation has presented new difficulties in regards to the genuineness...

Crypto Staking Crypto Staking
Crypto4 days ago

Is it Possible To Make Money On Crypto Staking in 2024?

In the modern world, cryptocurrencies and blockchain technologies are becoming increasingly popular, attracting the attention of investors and users from...

Lake Como Lake Como
Wedding4 days ago

How to Choose the Right Location for a Marriage Proposal in Italy and Lake Como

Proposing marriage is a unique and memorable moment in a couple’s life. Choosing the right location is crucial to creating...

Personal Injury Lawyer Personal Injury Lawyer
Law1 week ago

Finding the Best Personal Injury Lawyer in Lumberton, NC

Personal injury law is designed to protect individuals who have been harmed due to the negligence or wrongful actions of...

WhatsApp Business WhatsApp Business
Business1 week ago

Running WhatsApp Business with Pro+VPS for Android Emulator

WhatsApp Business is one of the most powerful tool for Business to manage customers communication. Running it can enhance the...

Civil Partnership Visa Civil Partnership Visa
Finance1 week ago

Civil Partnership Visa vs Spouse Visa: Which One is Right for You

Choosing the right visa to join your partner in the UK can be confusing. Two common options are the Civil...

Crypto Crypto
Crypto1 week ago

Staked Crypto – A Step-by-Step Guide for Beginners

Ethereum staking has become an increasingly popular way for cryptocurrency holders to earn passive income through staking rewards. In this...

Ethereum Staking Ethereum Staking
Crypto2 weeks ago

Maximizing Ethereum Staking Rewards: Tips and Tricks

Are you looking to maximize the potential of your Ethereum holdings? Stake Ethereum using OkayCoin and take advantage of the...

Wedding Wedding
Wedding2 weeks ago

4 Wedding Services You Can Quickly Check Off Your To-Do List

Organizing a wedding might like arranging a large-scale symphony, in which each element must work together to produce a beautiful...