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Former Nikola CEO Milton Charged with Fraud

08/04/2021 9:37 AM | Anonymous member (Administrator)

Once the wunderkind of the electric vehicle industry and the heir apparent to Elon Musk, former Nikola CEO Trevor Milton has been charged by the U.S. Attorney’s Office in Manhattan with three counts of fraud for allegedly lying to investors about the progress of his company.

The indictment says Milton “engaged in a fraudulent scheme to deceive retail investors” and through social media and a barrage of other media appearances spread “false and misleading information about Nikola.”

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