Founder of electric-truck startup Nikola charged with fraud, lying to investors
NY Post
Trevor Milton, the founder of electric-truck startup Nikola, was indicted Thursday on charges of lying to investors by pushing a truck down a hill to pretend it was “fully operational” among other fraudulent claims.
Milton repeatedly lied about the ability of his company’s electric trucks and, after the company went public, he doubled down on lies in a bid to push the share price up, prosecutors alleged Thursday. Milton also allegedly lied when he insisted on Twitter that one of Nikola’s trucks was being built entirely with the company’s own proprietary technology when in fact it was using parts from suppliers in Michigan and Europe.More Related News