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-Lurid Crime Tales-
Billionaire founder of electric truck firm Nikola is found GUILTY of fraud after inflating value of firm to $3.3bn - briefly more than Ford - with litany of lies including rolling truck downhill to pretend it worked
2022-10-15
  • Nikola Corp. founder Trevor Milton was convicted of charges he deceived investors with exaggerated claims about his company

  • Milton championed that his company was producing zero-emission, 18-wheel trucks that could run on cheap hydrogen

  • Prosecutors described Milton as a con man who lied to inflate his company's value to $3.3 billion and created promotion videos for non-existent trucks

  • They also said Milton sought first-time investors who he could easily dupe into believing his outlandish claims

  • Milton was freed on a $100 million bond, with a sentencing hearing set for 2023
Related:
Trevor Milton: 2020-09-10 'Couldn't dream of a better partnership': GM set to produce electric trucks by Tesla competitor
Posted by:Skidmark

#1  Yet another dicked-up 'green' company.

BTW, I seem to recall that Milton was arrested at the Phoenix airport, possibly/probably attempting to flee the country.

I hope the authorities have a leash on him and confiscated his passport. A $100 million bond for a billionaire...might be something he can afford to lose.
Posted by: DooDahMan   2022-10-15 15:38  

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