U.S. jury convicts Nikola founder of fraud in New York trial — via drivingdotca autonews
Milton, of Oakley, Utah, was indicted in July 2021. He leftin September 2020 after a report by short seller Hindenburg Research called the company a “fraud.”
Prosecutors accused Milton of using social media and interviews on television, podcasts and in print to make false and misleading claims aboutbuilt an electric- and hydrogen-powered “Badger” pickup from the “ground up,” developed batteries in-house that he knew it was purchasing elsewhere and had early success in creating a “Nikolacame as the company joined the mounting number of tech and EV companies going public through special purpose acquisition vehicles or SPACs.
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