TECH - Nikola Founder Trevor Milton's Lawyers Seek Probation To Avoid Client Going To Jail Claim Company Is 'Real' Unlike Elizabeth Holmes' Theranos | Benzinga
Convicted founder of electric truck maker Nikola Corp (NASDAQ:NKLA) Trevor Milton, is reportedly making a bid to avoid jail time, with his legal counsel asserting that Milton’s case doesn’t align with that of Theranos founder Elizabeth Holmes, who was also convicted for fraud.
What Happened: Milton’s lawyers have proposed probation instead of imprisonment during his sentencing, which is scheduled for November 28, reported Reuters.
In October 2022, a federal jury in Manhattan found Milton guilty of two counts of wire fraud and one count of securities fraud. The prosecution painted Milton as a “con man,” accusing him of misleading investors about the electric and hydrogen-powered truck maker’s technology.
As per the report, Milton’s attorneys claimed ...