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Nikola founder Trevor Milton stands trial on fraud charges

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CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy December 2, 2019.

Massimo Pinca | Reuters

The founder of electric semitruck maker Nikola Motor is standing trial on fraud charges related to statements he made about the company’s technology and products, statements that federal prosecutors allege were exaggerated and misleading.

The U.S. Attorney’s Office in Manhattan has alleged that Trevor Milton, who founded Nikola in 2014, lied about “nearly all aspects of the business” during his time as chairman and CEO of the company. Those lies were…



Source cnbc.com

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