Home Nikola's Nikola’s Trevor Milton Faces New Fraud Charge Related To Purchase Of A...

Nikola’s Trevor Milton Faces New Fraud Charge Related To Purchase Of A Utah Ranch Using Stock


Things look to have gone from bad to worse for former Nikola CEO and founder Trevor Milton, who is already under indictment for multiple counts of fraud. 

Now, he’s facing new charges stemming from his purchase of a Utah ranch, which he partially paid for with an option to buy Nikola stock, CNBC reported Thursday. 

Federal prosecutors have hit Milton with an additional charge of wire fraud, alleging that he misrepresented the state of the company’s business at the time in order to “convince the seller of the Wasatch Creek Ranch to accept an option to buy Nikola stock as partial payment,” CNBC reported. 


The option would have enabled Peter Hicks, who was selling the ranch, to buy over 500,000 shares of Nikola at $16.50 per share – what would have been a discount at the time. 

It marks the fourth federal charge against Milton. Hicks has also filed a civil suit against Milton, according to the report. 

Recall, among the bolder accusations made by Hindenburg Research in their scathing report about Nikola Corporation in September 2020 was the allegation that Nikola faked its Nikola One semi truck “in motion” video, which appeared to show a functioning big rig barreling through the desert, trailer in tow. Nikola later admitted that the video was simply a truck rolling down a hill.

Hindenburg Research founder Nathan Anderson commented on the news on Wednesday:

Yesterday, Trevor Milton moved to block evidence of his lavish lifestyle from trial.

Today, prosecutors filed a superseding indictment adding a charge over Trevor’s purchase of a Utah mansion with $NKLA stock..which allows prosecutors to present evidence of his lavish lifestyle. pic.twitter.com/GRwKRAWmgA

— Nate Anderson (@ClarityToast) June 22, 2022

Web Hosting


    • I am paid over 💵 $ 60 USD to 💵 $ 90 USD per hour to work online. I heard about this job 3 months ago and after joining this one I easily earned 💵 $ 21,000 USD without having any online working skills. Just try it on the support site… https://www.Richsalary.com

  1. =❤️= [ JOIN US ]
    I get paid more than 💰$100 to 💰$700 per HOUR for working online. I heard about this job 3 months ago and after joining this I have earned easily 💰$35000 from this without having online working skills .. Simply give it a shot on the accompanying site…

    OPEN NOW………>>> http://Www.NetCash1.Com

  2. I easily make $32,000-$38,000 each month just by doing a simple home business. This job is online and can be done very easily part-time or full-time, although no specific experience is required for this job. Anyone can join this work now and start earning like me.
    Follow the link. >>>> http://Www.BizPay1.com

  3. I am making $165 an hour working from home. I was greatly surprised at the same time as my neighbour advised me she changed into averaging $ninety five however I see the way it works now. I experience masses freedom now that I’m my non-public boss.

    That is what I do………>>> http://Www.Pays11.Com

Leave a Reply to Elizabeth Kemp Cancel reply

Please enter your comment!
Please enter your name here