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Nikola Founder Trevor Milton Won’t Testify in Fraud Trial (1)

Oct. 3, 2022, 8:29 PM

Nikola Corp. founder Trevor Milton said he wouldn’t take the witness stand in his criminal fraud trial, as the defense prepares to rest its case.

Milton told the judge in federal court in Manhattan on Monday that he had chosen not to testify on his own behalf, after almost three weeks of testimony by witnesses for the prosecution and just over a day by the defense.

Prosecutors allege that Milton, 40, misled investors in the electric truck maker by misrepresenting its prospects in TV interviews and podcasts about orders for its vehicles and its ability to produce hydrogen for fuel. ...