Nikola Founder Milton Seeks New Trial, Lodges Jury Complaints
Nikola Corp. founder Trevor Milton asked for a new trial on charges he misled investors about the electric truck maker’s prospects, arguing the jury convicted him due to bad instructions from the judge and because one juror lied to get on the panel.
Trevor Milton Fraud Case Goes to Jury After Passionate Closing Statements
The U.S. launched its closing statement in Nikola Corp. founder Trevor Milton’s trial on Oct. 13, claiming Milton defrauded investors with breathless hype about the electric truck maker.
Nikola Founder Trevor Milton Won’t Testify in Fraud Trial
Nikola Corp. founder Trevor Milton said he wouldn’t take the witness stand in his criminal fraud trial, as the defense prepares to rest its case.
Nikola Pickup Had No Nikola Parts, GM Engineer Testifies
Nikola Corp. founder Trevor Milton wasn’t truthful when he claimed his company was responsible for most of the components in a planned pickup truck General Motors Co. was to build for the electric vehicle maker, a GM engineer testified.
Nikola Execs Threatened to Quit If Trevor Milton Didn’t Step Down
Three top Nikola Corp. executives threatened to resign in 2020 if the electric vehicle maker’s founder, Trevor Milton, didn’t step down as executive chairman, according to a filing in the federal fraud case against him.
Nikola CEO Mark Russell Says Trevor Milton Was Prone to Exaggerate
Nikola Corp.’s chief executive officer told a jury he learned only after joining the company that its debut electric truck had neither a gas-powered turbine nor a fuel cell when founder Trevor Milton unveiled it.
Nikola Cannibalized a Ford for Hyped Badger Electric Pickup, Jury Told
A Nikola Corp. prototype of the electric vehicle startup’s planned Badger pickup truck was made partly of components from a Ford Motor Co. F-150 Raptor, the jury in the criminal trial of Nikola founder Trevor Milton was told.
Nikola Whistleblower Made $600,000 Off Short Sale, Jury Told
A former Nikola Corp. contractor whose allegations of fraud at the electric truck company helped spur a criminal investigation told a federal jury he made $600,000 off a short seller’s report on Nikola.
Nikola Wins Rulings Over Trevor Milton on Brink of Criminal Trial
Nikola Corp. won a court order preventing founder Trevor Milton from using certain company communications in his defense against criminal charges that he lied about the company’s products to mislead investors and prop up the stock.
Trevor Milton Indicted on New Fraud Charge
Nikola Corp. founder Trevor Milton, who is scheduled to go on trial next month on charges he misled investors about the company’s business prospects, was indicted for allegedly defrauding the previous owner of his Utah ranch, which Milton used as collateral for his bail.