© Reuters. Trevor Milton, (C) founder and former-CEO of Nikola Corp., exits the Manhattan Federal Courthouse following an look in New York Metropolis, U.S., July 29, 2021. REUTERS/Eduardo Munoz
NEW YORK (Reuters) – U.S. prosecutors on Wednesday added a brand new wire-fraud cost to their case accusing Trevor Milton, the founder and former chief govt of Nikola Corp, of defrauding buyers by mendacity concerning the electric- and hydrogen-powered truck maker.
The brand new cost considerations Milton’s alleged scheme from April 2020 to March 2021 to defraud the sellers of a property often known as Wasatch Creeks Ranch by making false and deceptive statements about Nikola’s product, expertise and enterprise improvement.
Milton beforehand pleaded not responsible to 2 counts of securities fraud and one rely of wire fraud. His trial is scheduled for July 18 in federal courtroom in Manhattan.
