Nikola Founder Trevor Milton Receives a 4-Year Prison Sentence for Fraud

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.

Read the source article at CNBC