"Nikola Founder Trevor Milton Faces 11-Year Sentence as US Prosecutors Push for Justice"

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Source: Reuters
"Nikola Founder Trevor Milton Faces 11-Year Sentence as US Prosecutors Push for Justice"
Photo: Reuters
TL;DR

US prosecutors are seeking an 11-year prison sentence for Trevor Milton, the founder of Nikola Corp., who was convicted of defrauding investors through false claims about the company's technology. Prosecutors compared Milton to Elizabeth Holmes, the founder of Theranos, who was sentenced to over 11 years in prison for similar charges. Milton has requested probation, arguing that Nikola is a legitimate company with real products. He is scheduled to be sentenced on December 18.

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