Professor Elam

Thursday  Dec 21 2023

Nikola's Trevor Milton gets four years for false statements

Milton was convicted in October 2022 on one count of securities fraud and two counts of wire fraud, and acquitted on an additional securities fraud count.

Nikola in 2021 agreed to pay $125 million to settle civil charges brought by the U.S. Securities and Exchange Commission.

The company's shares now trade for less than $1, down from a peak of higher than $60 in June 2020.