Nikola Corp. founder Trevor Milton was ordered to spend four years behind bars for lying to shareholders about the electric-truck maker's progress. Ed Ludlow reports.
CNBC's Phil LeBeau joins 'The Exchange' to report on Nikola founder Trevor Milton, who has been sentenced to four years in prison for fraud.
Prosecutors last week urged the judge to sentence Milton, 41, to around 11 years in prison - in line with the sentence Theranos founder Elizabeth Holmes received last year.
Nikola (NASDAQ: NKLA ) founder and former CEO Trevor Milton is set to be sentenced later today. He faces up to 60 years in prison.
Trevor Milton, the disgraced founder and former CEO of electric truck startup Nikola, was sentenced Monday to four years in prison for securities fraud. The sentence, by Judge Edgardo Ramo in the U.S.

Should You Buy the Dip in Nikola Stock?

09:47am, Monday, 18'th Dec 2023
Nikola is grappling with a recall that is setting the company back millions of dollars.
Nikola founder Trevor Milton was found guilty in October 2022 on two counts of wire fraud and one count of securities fraud.
Nikola — the Phoenix, Ariz.-based battery-powered truck maker with nearly 22% of its shares sold short, according to the Wall Street Journal — has suffered a precipitous decline in its stock price

Why Nikola Stock Rocketed Higher This Week

11:49am, Friday, 15'th Dec 2023
Nikola has announced multiple rounds of capital raises this year. The company also successfully pushed shareholders to approve an increase in the number of shares of common stock.
Penny stock investing isn't for the faint of heart. These stocks can generate returns in a few days that exceed what popular index funds can do over the course of 5-10 years.
The Federal Reserve elected to keep its key interest rate steady. It also indicated a willingness to start cutting rates in 2024.
Wall Street loves a good comeback story. It's why analysts often put elevated price targets on severely beaten-down stocks.
As 2024 approaches, seizing opportunities in select penny stocks becomes a strategy many may consider. Now, amidst the vast array of penny stocks, only a fraction stands out as potentially promising i
Nikola founder Trevor Milton should receive around 11 years in prison for defrauding investors in the electric- and hydrogen-powered truck maker, prosecutors in New York said on Tuesday.
Nikola will receive an estimated $300 million in the combination equity sale and convertible debt offering.
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE