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Nikola Founder Trevor Milton Seeks 30-Day Fraud Trial Delay (1)

June 23, 2022, 2:09 PM

Nikola Corp. Founder Trevor Milton is seeking to postpone his trial on charges that he misled investors about the company’s business prospects for 30 days after prosecutors leveled new allegations against him yesterday.

Milton had been scheduled to go on trial in federal court in Manhattan on July 18. His lawyers said they needed time to examine a superseding indictment that added claims that Milton schemed to defraud the sellers of his Utah ranch, which he posted as part of a $100 million bail package last year.

The new charge parallels claims from a federal lawsuit filed in March by ...