Daily Archives: December 21, 2021, 9:53 am

Nikola Corporation to Pay $125 Million to Resolve Fraud Charges

According to the SEC’s order, before Nikola had produced a single commercial product, Milton embarked on a public relations campaign aimed at inflating and maintaining Nikola’s stock price. Milton’s statements in tweets and media appearances falsely gave investors the impression that Nikola had reached certain product and technological milestones. The order finds that Milton misled investors about Nikola’s technological advancements,…

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