Bloomberg Law
Sept. 12, 2022, 10:24 PM

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

Chris Dolmetsch
Chris Dolmetsch
Bloomberg News

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 ...