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Nikola Founder Trevor Milton Ordered to Pay $168M for Fraud

Sep 10, 2024, 10:09 PM

A U.S. judge has ruled that Trevor Milton, the founder of Nikola, must pay the electric truck maker $167.7 million. Milton, who was sentenced to four years in prison for fraud, was found guilty of making false and misleading statements about the company to the public. Milton's penalty amounts to $168M and affects Nikola's stock, $NKLA.