Founder of EV startup Nikola charged with misleading investors

A federal grand jury charged Trevor Milton, founder and former chairman of EV startup Nikola, with three counts of criminal fraud, Bloomberg reports.  He’s accused of lying about “nearly all aspects of the business” to increase stock sales of the electric vehicle startup, according to an indictment unsealed Thursday. Specifically, prosecutors charged him with two counts of securities fraud, including making false statements about the electric truck company, and wire fraud. In a separate complaint filed the same day, the Securities and Exchange Commission commented the following:  Milton sold a version of Nikola not as it was — an early-stage company with…

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