w/ Exclusive Interviews by Matthew Russell Lee
SDNY COURTHOUSE, Dec 28 -- In September and October 2022 Trevor Milton, founder of Nikola Motor was put on trial for fraudulent claims about NKLA's hydrogen trucks.
On Friday, October 14, Milton was found guilty on three of four counts.
On November 14, 2023 Milton's counsel asked for mere probation, contrasting Milton to Elizabeth Holmes and more recently OneCoin's Sebastian Greenwood (whose sealing of sentencing letters Inner City Press has appealed)
On December 15 Milton claimed there was no loss. On December 17, the US Attorney's Office wrote in opposing Milton's late filed comments on the Pre-Sentencing report, 5 pages on Patreon here.
On December 18, after a surreal speech by Milton, he got four years. Thread here
Judge Ramos: It is my intention to impose a sentence of 48 months on each count, concurrently. I will impose a fine of $1 million.
Judge Ramos: I'm going to grant bail pending appeal. Experts are frequently challenged and are sometimes wrong
On December 28, Milton's lawyer's opposed the proposed forfeiture - and asked, if Judge Ramos disagrees, that he stay his order, as he did the jail time. Letter on Patreon here.
More on Substack here
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