Nikola to pay $125 million SEC penalty over Milton comments
Nikola to pay $125 million SEC penalty over Milton comments
By Matt Robinson | Bloomberg
Nikola Corp. will pay a $125 million penalty to the U.S. Securities and Exchange Commission over allegedly misleading statements its founder and former chief executive officer made to investors about the electric-vehicle startup.
The former CEO, Trevor Milton, deceived investors about the company’s technological advancements, in-house production capabilities and truck…
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