Posted on 12/18/2023 12:25:30 PM PST by NohSpinZone
Nikola founder Trevor Milton was sentenced Monday to four years in prison in connection to defrauding investors of the embattled electric- and hydrogen-powered truck maker.
Milton also was fined $1 million and could later be forced to forfeit property as part of his sentence.
The punishment was far lower than the 11 years prosecutors had requested at Milton’s sentencing in U.S. District Court in Manhattan.
But it was substantially more than the non-jail sentence of probation sought by Milton’s attorneys.
“I did not intend to harm anyone and I did not commit those crimes levied against me,” Milton told Judge Edgar Ramos before being sentenced, Reuters reported.
(Excerpt) Read more at cnbc.com ...
https://www.youtube.com/watch?v=b5TPIjiCd5c
in before the guys with the long horns...
Niiiiiiikolaaaaaaaaa
Shares of Nikola have recently traded under $1, with a market value of about $327 million. The stock was down by roughly 6% following Milton’s sentencing.
A smart ex-colleage of mine in the energy business wrote to me about this earlier today. He wrote:
"Gee, how many 28 yr old MBAs from Harvard, Yale, and Wharton believed a college dropout could lead R&D to make hydrogen at low cost. When established companies for a decade have failed to do so - as has the DOE."
I could tell this guy was a fraud from the very beginning. He’s probably got millions squirreled away somewhere.
There corporate center is just a couple of miles from my home. People still seem to be going to work there.
NIIIIIIIIIIKOLLLLLLLLLLLLLLLLAAAAAAAAAAAAAAAAAAAA!
Methinks the guy who had the hots for a pigeon at the end of his life has bigger problems to worry about.
He didn’t pay off The Big Guy or he would have gotten billions of tax dollars.
that be them...
tthanks nohspin
Niiiiiikolaaaaaaa...
my throat hurts.
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