( ) -q-24- UNDATED (Correspondent Jeremy House) “with heavy losses.” The founder of Nikola has been sentenced to four years in prison for his conviction for exaggerating claims about his company’s production of zero-emission 18-wheel trucks. [CutID: <Cuts> NIKOLA-FOUNDER-PRISON-house-q-TUEam.mp3 Time: 24s Title: NIKOLA-FOUNDER-PRISON-house-q-TUEam Out-cue: with heavy losses] TAG: Correspondent Jeremy House reporting. ——————————– VERBATIM: Trevor […]
Audio
4 years in prison for Nikola Corp founder for defrauding investors
( ) -q-24- UNDATED (Correspondent Jeremy House) “with heavy losses.”
The founder of Nikola has been sentenced to four years in prison for his conviction for exaggerating claims about his company’s production of zero-emission 18-wheel trucks.
[CutID: <Cuts> NIKOLA-FOUNDER-PRISON-house-q-TUEam.mp3
Time: 24s
Title: NIKOLA-FOUNDER-PRISON-house-q-TUEam
Out-cue: with heavy losses]
TAG: Correspondent Jeremy House reporting.
——————————–
VERBATIM: Trevor Milton was sentenced in a Manhattan federal court, where the judge also ordered him to pay a $1 million fine. In a statement, Milton claimed big companies in the industry followed his lead in trying to create environmentally cleaner vehicles. Milton resigned in 2020 after reports of fraud sent Nikola’s stock prices into a tailspin, leaving investors with heavy losses.