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Nikola's Milton Called Decent, Guileless in Bid to Avoid Prison.
- 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]
- Subjects :
- PRISON sentences
INVESTORS
PRISONS
LAWYERS
PRISON system
PRIVATE prison industry
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 173622403