On April 27, 2020, the then CEO of Nikola Corporation, Trevor Milton was a guest on Mountain Money. Nikola was in the business of producing emission free trucks. Milton painted an optimistic picture about the state of business.
On July 29, 2021, Milton was indicted for securities and wire fraud. He was also sued civilly by the Securities and Exchange Commission.
David Schindler, who has tried a range of fraud cases both as a federal prosecutor and later as a partner in the law firm of Latham & Watkins LLP joins Mountain Money to provide insight into how the matter with Milton is likely to proceed.