Devon Archer, Trevor Milton and Carlos Watson were convicted in fraud schemes totaling hundreds of millions of dollars. Now, they will not be required to pay back victims.
Category: Nikola Motor Co
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Trump Pardons Trevor Milton, Founder of Bankrupt Truck Maker Nikola
President Trump’s intervention came while Mr. Milton was appealing his conviction on securities and wire fraud charges.
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Nikola, E.V. Start-Up That Once Thrilled Investors, Files for Bankruptcy
The company, which once enjoyed a surging stock price, struggled to turn its plans for electric and hydrogen trucks into a viable business.
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California Pushes Electric Trucks as the Future of Freight
A mainstay of cargo transport will be phased out at ports as California bans new registrations of carbon-fuel trucks in favor of nonpolluting ones.
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E.V. Start-up Founder Could Get Prison Term in Fraud Case
Trevor Milton, who founded the truck company Nikola, will be sentenced on Monday in a fraud case that exposed the excesses in the electric vehicle business.
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A Short Seller, Hindenburg Research, Bets Against Adani Group
The New York Times – Business:Hindenburg Research accused the Adani Group of orchestrating the “largest con in corporate history,” sending shares of its companies tumbling on Wednesday.
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Nikola Founder Trevor Milton Is Convicted of Fraud
The New York Times – Business:Trevor Milton was accused of boasting about nonexistent technology to inflate the stock price of Nikola, a maker of electric trucks.