Nikola founder indicted.
Auto Business News-July 30, 2021--Nikola founder indicted
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Auto Business News - 30 July 2021
Trevor Milton, founder of electric truck maker, Nikola, has been indicted by US authorities for allegedly misleading investors.
The official has been indicted on allegations of making false and misleading statements to investors, the US Department of Justice said. According to the department, between November 2019 and September 2020, Milton tried to defraud investors into buying Nikola shares by issuing misleading statements about the company's product and technology development. He allegedly misused a social media blitz to elevate his wealth, as well as his...
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