Nikola Founder Trevor Milton Convicted On Three Counts Of Fraud via insideevs.com
. Also in September 2020 sexual assault claims against Milton emerged. Milton resigned as CEO of Nikola on September 20 2020 and left the company entirely that December.Nikola started to clean up its image and distance itself from Milton, appointing Mark Russell as CEO. The company has made significant progress since and now does in fact have working prototype trucks.
This takes us to the present day, where Milton has been found guilty on three of the four aforementioned charges. US Attorney Damian Williams concluded that Milton lied"over and over again" and that his case should serve as a warning to anyone"who plays fast and loose with the truth to get investors to part with their money." The disgraced former CEO now faces up to 20 years in prison.
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