Nikola founder and former CEO Trevor Milton was recently charged with securities fraud relating to his pumping up of Nikola stock with false information.
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This white collar thiefs never go to jail because American society approves of their behavior but god forbit you get caught stealing something cheap at a convenient store is jail for you thief
Wait a minute, he defrauded billions of dollars and got to keep it, fuuuuccckkkk!!!
Sorry but what institutions invested in this POS pipe dream without thorough due diligence? The same who invested in Theranos?
They will throw the booklet at him. Remember, white collar crime does pay.
Clever plan. That's why he bought a massive house and land that had everything he could need without ever leaving. He obviously knew how it would end.
For every dollar he and his big end friends made, unsuspecting small people lost their dollars by being conned. In what country is this not illegal? Welcome to Murica, a country where Cults selling nothing are not only legal but tax exempt.
He's just another Trump guided scammer. The republican party could care less about the people they represent minus a handful.
STOP them from rigging voting rights.
STOP them from trying to over though Democracy.
Vote these self center money and power mongers at your expense. This will be very hard with all of their rigging of voting districts. They are not close to fair representation based on population. Yes the Constitutional right of majority rule is abused by gerrymandering.
I know I'm talking to a deaf wall because the right voters will never watch this or make excuses if they due.
Somehow this all threads back to the hydrogen cell over-the-road-truck project by the Port of Los Angeles in the late nineties which begat a single Kenworth tractor test unit that was used by an endless string of scam artists to raise money.
That graph reminds me of most of the crypto pump and dumps. There is no difference in many ways to this, except he had to do more groundwork to larp.
What is up with your close caption it's talking about something completely different
Hydrogen is the future it’s a shame conmen like this are messing with its credibility
This company rubbed me the wrong way ever since I've heard of it. It seemed such a copy cat, just like Tesla, named after Nikola Tesla, but last name was taken, so they took the first name. Ironically, of course, both companies base their products on DC electricity, which was Edison's domain. So probably, Edison would have been a more appropriate rival company name. Also, I'm betting if this dude took the idea to Shark tank, pretty much at any point, they would have a good laugh at him.
IF investors would finally realize that they HAVE NO CLUE about physics, chemistry or thermodynamics and that it would be a good idea to spend a few bucks on a guy who DOES to get an idea about the general feasibility of a "revolutionary" concept, we would make the lives of serial fraudsters a lot harder. You can call it the tech-illiteracy-bias of bankers that, again and again, is leading to the sinking of huge amounts of money in concepts that are "theorethically-possible-but-impossible-to-pull-off-with-a-profit"… sure, Miltor is a fraudster but banks and investors are to blame as well.
Fake it until you make it is fine if you don't make it while you're still faking it.
It's amazing how easy it is to push all this BS through hundreds of regulators, banks, and investors.
Freeze all his money take it from him and buy a farm for the homeless people to work and have a place to live.
Nikola Tesla if he were alive today, "Hey, why don't you guys just leave my name out of all this!" "I'd have invented the flying car everybody wants but don't have if I was still alive!" "Yall keep making these shitty electric cars that don't save anything and cost a fortune!" "I'd have a flying car with a cloaking device that would put you all out of business. I'm a literal GENIUS! You guys aint shit, I'M NIKOLA TESLA DAMIT!"
Why hasn't the Federal government seize every asset that he has!
This whole Tesla battery car is a pump and dump! These millennials can only see one day at a time 😂
Only guy thqt can out Elon, Elon…..greatest narcissist comment of the last decade.
And giving his concreter brother Head of Hydrogen…..ummmmmm, you don't need Palantir software to join the dots that Nikola was always total BS
I'm calling it.. Trevor Milton and Elizabeth Holmes are going to get together (after their prison terms) and start a company that can end everything bad and make us all billionaires.. Can I get in very early with some shares so that I can sell them as fast as I can? Asking for a friend…
Fix your microphone, or your editing skills, it keeps cutting out in the beginning of your sentences
I still think the worst part of this fraud is the SEC even letting them go public in the first place. Gonna tell me they don't have the resources or checks and balances to weed this fraud out? Suuuure…
Seems more like they wanted them to go public just to take a case against them on a larger scale, and exploit more fines out of them, which equate to investor losses.
i knew nikola was a scam in 2 weeks – it was obvious
just buzz works nothing real – no way gm did not know was scam
All they do is pay politicians and look for suckers a ponzi like scheme 😆
This snake oil salesman is the exact opposite of elon musk. The fact that he got so rich with absolutely no substance is a testament to gullibility of "investors" looking to get rich. That no one checked this scam artists claims on technology, or even whether his truck actually ran especially given his past empty promises is insane. The fact that he probably won't spend one day in jail is a further testament to how flawed the whole system is.
He’ll pay some 2-bit fine. Maybe a few years in a lush federal prison. Walk out with billions. Score.