Skip to main content

Jury in Nikola Founder Milton’s Fraud Trial Reaches a Verdict

Submitted by jhartgen@abi.org on

The jurors in Nikola Corp. founder Trevor Milton’s criminal fraud trial have reached a verdict, Bloomberg News reported. The judge had instructed them on the law and dispatched them to their deliberations at around 10:30 a.m. Friday, after a monthlong trial. Milton, 40, is charged with two counts of securities fraud and two counts of wire fraud for misleading investors about the electric truck company’s prospects. During the trial, prosecutors showed the jury an infamous viral video that appeared to show a Nikola semi prototype traveling under its own power, when in fact it was rolling downhill thanks to gravity. Milton faces the possibility of years in prison if convicted.

Article Tags