Nikola founder Trevor Milton charged with fraud over false claims about electric/hydrogen trucks
July 30, 2021
Trevor Milton, the founder and former CEO of Nikola, a company working on electric and fuel cell trucks, was indicted today by a grand jury on three counts of criminal fraud over false claims he made about the company.
Milton became a billionaire after taking Nikola public through a SPAC deal, and the price of the stock shot up as the CEO made several claims about the company’s progress toward…