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USA v. Milton

  1. October 17, 2022

    Nikola Founder's Fraud Conviction A Cautionary Tale

    Nikola Corp. founder Trevor Milton's criminal conviction on charges he misled investors about the electric-truck maker's business prospects is a cautionary tale for technology moguls who overpromise on solutions to the transportation industry's role as the largest contributor to air pollution in the U.S., experts say.

  2. October 14, 2022

    Nikola Founder Convicted Of $1B Wall St. Fraud

    A Manhattan federal jury on Friday convicted Nikola Corp. founder Trevor Milton of illegally pumping up the high-tech truckmaker's value on Wall Street, handing prosecutors a win in their billion-dollar securities fraud case against the former CEO.

  3. October 13, 2022

    Gov't Calls Nikola Founder A Con Man As Fraud Trial Closes

    Manhattan federal prosecutors seeking to convict Nikola Corp. founder Trevor Milton on charges of lying to boost the high-tech truck maker's stock called Milton a "con man" Thursday during closing arguments that were delayed 10 days because of a positive COVID-19 test.

  4. September 22, 2022

    Nikola Investor Tells Jury Social Media Drove Buying Spree

    A Nikola Corp. investor who favored social media tidbits over regulatory filings was permitted by a Manhattan federal judge Thursday to testify at company founder Trevor Milton's fraud trial despite defense warnings that the move could be reversible error.

  5. September 20, 2022

    Nikola CEO Tells Jury Founder's Boasts Put Workers On Edge

    Nikola Corp. founder and former CEO Trevor Milton's big claims about the zero-emissions truck company were often untrue and generated turmoil among employees, Nikola's current CEO told a Manhattan federal jury Tuesday in Milton's fraud trial.

  6. September 15, 2022

    Nikola Founder 'Makes Crap Up,' Worried Worker Said In Text

    Prosecutors seeking to convict Nikola Corp. founder Trevor Milton of fraudulently pumping up the zero-emissions truck maker's share value by billions of dollars showed a New York federal jury texts from his former employees, including one that said Milton "makes crap up."

  7. September 14, 2022

    Key Nikola Critic Earned $600K From Bet Against Truckmaker

    An influential Nikola Corp. critic acknowledged Wednesday that he earned a $600,000 cut of a huge shareholder bet against the zero-emissions truckmaker, as a Manhattan federal jury heard testimony in the trial of Nikola founder Trevor Milton on fraud charges.

  8. September 13, 2022

    Nikola Founder Tells Jury He Never Sought To Dupe Investors

    Nikola Corp. founder Trevor Milton loved his zero-emissions truck company like it was "his kid" and he promoted its stock in good faith, his lawyers told a Manhattan federal jury Tuesday, rejecting charges that he used social media to engineer a billion-dollar fraud.

  9. January 03, 2022

    New York Cases To Watch In 2022

    The coming year's highest-profile cases developing in New York courts include a foreign-lobbying probe of Rudy Giuliani, an "espionage lite" indictment targeting real estate billionaire and fellow Trump supporter Thomas Barrack, and possible criminal groping charges against former Gov. Andrew Cuomo.

  10. September 15, 2021

    Nikola Founder Seeks To Shift NY Fraud Case To Arizona

    Nikola Corp. founder and onetime Chairman Trevor Milton on Wednesday told a New York federal judge the criminal case accusing him of lying to investors about his company's ability to build a green energy-powered truck has nothing to do with the Empire State and everything to do with Arizona.