A federal jury on Friday found Trevor Milton guilty of defrauding investors by lying about the supposed technical achievements of Nikola, the electric truck maker he founded.
Mr. Milton was convicted of one count of securities fraud and two counts of wire fraud, the most serious of which carry a maximum prison sentence of 20 years. He was acquitted on an additional count of securities fraud. The jury in U.S. District Court in Manhattan delivered the verdict after about four weeks of testimony and about six hours of deliberation.
‘Enforcement 40’ for 2020
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