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Nikola's Milton Called Decent, Guileless in Bid to Avoid Prison.

Authors :
Dolmetsch, Chris
Source :
Bloomberg.com; 11/15/2023, pN.PAG-N.PAG, 1p
Publication Year :
2023

Abstract

Trevor Milton, the founder of Nikola Corp., has requested to avoid prison time after being convicted of lying to investors about the company's prospects. Milton's lawyers argue that he made misstatements due to his belief in the company and did not intend to deceive shareholders. They claim that Milton is a decent and hardworking person who was motivated by his optimism and emotional connection to the company. His lawyers also argue that comparing him to Elizabeth Holmes, the founder of Theranos, is inappropriate, as Nikola is a real company with real products. Milton faces up to 20 years in prison and will have a hearing on November 28th. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
173622403