By Matthew Russell Lee, Patreon Video Podcast
BBC - Guardian UK - Honduras - ESPN
SDNY COURTHOUSE, March 22 – Just after the indictment of electric vehicle maker Nikola's founder Trevor Milton was unsealed on July 29, 2021 a press conference was held in the Southern District of New York prosecutors' office. Inner City Press went and asked about the SEC complaint's reference to Milton targeting "Robinhood investors." Video here.
US Attorney Strauss and her SEC colleague (on the job for all of one week) both deferred comment on particular companies or phenomena like Robinhood, or Elon Musk, or SPACs. But it seems there will be more prosecutions coming - including in the crypto-currency space?
On September 15, the assigned District Judge Edgardo Ramos held an oral argument. Milton wants to move the case to Utah or Arizona, with a sealed motion. (Manafort's lender Steve Calk asked the same, to move to Chicago, which was denied). On September 15 Inner City Press live tweeted here (and podcast here)
In March 2022, Milton withdrew his Second Circuit appeal of venue. On March 22, the US Attorney's Office filed a joint schedule: "Dear Judge Ramos: The Government respectfully writes to advise the Court that the parties have, following the dismissal of the defendant’s interlocutory appeal, conferred and agreed to a revised schedule with respect to the exchange of certain material and information prior to and during trial pending confirmation of the currently scheduled trial of July 18, 2022, as a firm trial date by the committee of the Southern District of New York charged with assigning trial dates. 1 The schedule is as follows: June 6, 2022: The Government provides to the defendant material covered by 18 U.S.C. § 3500, including material pursuant to Giglio v. United States, 405 U.S. 150 (1972). The parties provide notice to each other, consistent with the requirements of Federal Rule of Criminal Procedure 16, of experts potentially to be called, if any, during the Government’s case-inchief and the defendant’s case." Full letter on Patreon here.
Inner City Press will continue to cover the case.
Back on July 29 at 12:30 pm Milton was presented before SDNY Magistrate Judge Sarah Netburn, and freed on consent, on $100 million bond. Inner City Press was in the Magistrates Courtroom and live tweeted it, here: (and podcast here)
From July 29: Lawyers whispering about a property in Utah. Seems he'll be freed on bond.
In the front: Milton and four defense lawyers. Three @SDNYLIVE prosecutors, including Jordan Estes and Nick Roos. Two Marshals. Awaiting Magistrate Judge Netburn. All rise.
Milton surrendered at 8 am. Case is assigned to District Judge Edgardo Ramos (who's also in One Coin cases.)
Milton pleads not guilty. Freed on $100 million bond. Less than Tom Barrack's $250 million
Milton can travel Utah, Wyoming, Idaho, Arizona, Virginia and DC (for lobbying?) No contact with investors unless Milton has a relationship with them. Morgan, Utah property appraised over $30 million (contrary to the Pre Trial Services report)
Milton's lawyer says his income is down, no $50 million in bank. Judge Netburn approved free today on $100 million bond. Surrender guns.
The case is US v. Milton, 21-cr-478 (Ramos)
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