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Nikola Founder Milton Faces Jury in His Toughest Sales Job (2)

Sept. 12, 2022, 10:24 PM

Trevor Milton sold investors on the idea his company was building the truck of the future. Now, he’ll have to persuade a jury his alleged lies weren’t material.

Two years after he abruptly resigned from the board of Nikola Corp.-- the company he started -- Milton is set to go on trial in New York on securities fraud and wire fraud charges, facing a maximum prison term of 25 years if convicted of the most serious charge.

Milton, 40, who founded Nikola in 2014, built the startup into a company that in June of 2020 was valued at $34 ...