NKLA - Nikola Founder Trevor Milton Sentenced To 4 Years In Prison For Fraud | Benzinga
Nikola Corp (NASDAQ: NKLA) founder Trevor Milton is set to serve time in prison on federal charges after a jury found him guilty of misleading investors.
What To Know: Milton on Monday was sentenced to four years in prison following a fraud conviction in which a jury decided that he lied to investors about Nikola's technology capabilities.
Milton was originally found guilty in October 2022 and faced up to 60 years in prison, but last week, New York prosecutors recommended a sentence of 11 years. At a hearing in federal court in Manhattan on Monday U.S. District Judge Edgar Ramos issued Milton ...