Criminal Law
Founder of Nikola Convicted on Security Fraud Charges
The founder of Nikola Corp. was convicted Friday of charges he deceived investors with claims about his company’s progress in producing zero-emission 18-wheel trucks fueled by electricity or hydrogen.
A jury reached the verdict against Trevor Milton after deliberating for about five hours in federal court in New York. Milton plans to appeal the decision, his lawyer Marc Mukasey said.
“We’re going to keep fighting,” he told reporters outside court.
