The founder of hydrogen-electric truck maker Nikola (NKLA), Trevor Milton, was sentenced to four years in prison after being found guilty of three counts of fraud back in 2022. Milton was sentenced to four years in prison on each count, but they will be served concurrently.
Yahoo Finance’s Alexis Keenan and Pras Subramanian break down the sentence and what lies ahead for Nikola.
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Come on people, do some better research. The “post” Trevor Milton has been going on over 3 years now, and the company was supposed to manufacture it’s own Hydrogen, bought the land in Buckeye Arizona to build the plant, then sold the property instead, then we have the Hydrogen stations in California, not a single one has been permitted yet, and the sale of Hydrogen was to be their biggest source of income due to their low cost of electricity to generate Hydrogen, another lie. Nikola started a fraud and will end a fraud.
Should be serving 10.
he probably cashed out some of the money
Millions and millions. He bought a 2k acre ranch and gave millions to his wife. Still millions more missing. Plus he still owns 20% of the company.
He’s very well connected with the Mormon Church. He probably had help from insiders pulling strings.@@crtmojo2705
Deliberate fraud! Light sentence. Keeps the money. A green light for massive fraud in the US. Corruption at its finest.
Trevor scammed the guy he bought the house from in Utah by giving him worthless stock. Nikola will soon be bankrupt but trevor has laundered zillions and will be fine when he gets out
Not a enough punishment he should get 15 years he stole aur hard earned money.
Preach.
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A bunch of fake accounts promoting a scam.
1:44 … Bail no jail?! … Electric grifters for the win!!
2:31 … “Pretty bad recall”? 🤣 … Can you say thermal runaway / all alarm multiple fires / HazMat 5,000F of green inferno?
3:05 … 170 something million — lawdy, where did that come from?
😂DON’T DROP THE SOAP🧼 TREVOR ‼️‼️‼️😆👍
Don’t drop the soap🧼 Trevor
Wonder if any inmates invested in Nikola.
Hope they take all his money he made from selling stocks and his house he bought with it.
False and misleading statements….false…and…misleading statements….🤔 Who do we know that has made similar claims. On a large array of industries? Who else is next?🤔
Elon Musk is next
This is why Elon wasn’t worried.
EIon makes false and misleading statements all the time. Like since 2017 saying Tesla would be fully autonomously driving next year. Or about cybertruck. Or about cyber Semi’s and even his Tesla dancing robots. And he makes these claims to boost stock prices too.
But the US govt protects EIon no matter what he does or says, so nothing will happen when he lies.
HE GOT AWAY WITH CASHING 100 MILLIONS $ WORTH OF STOCK AND KEEPING MILLIONS OF SHARES THAT POTENTIALLY WILL SOAR, 4 YEARS AND HE KEEPS IT ALL, AGAIN NOT FAIR AND JUSTICE WASNT SERVED, THEY SHOULD TOOK WHAT HE EARBED FROM NIKOLA AND THE CASHED STOCK INCLUDING THE MILLIONS OF SHARES
Can you say S-C-A-M ?
remind me how many years did Sam Banknan Fried get? how about the executives of JP morgan or the numerous other members of the small hat tribe who seem to avoid any serious consequences for much worse crimes.
Also Elizabeth Holmes of Theranos
Presumably these sentences are served concurrently (not consecutively, as that equates to one sentence served after another – in series)
A Joke of a sentence – on level with what a joke of a country the US is.
White-collar hand slap!
Only 4 years ? I warn you everyone is gonna try this and get out of jail a billionaire.
I’m not really sure Hydrogen is the answer. It’s expensive, takes up a lot of space, and there’s little to no infrastructure supporting it.