fraud charges

Nikola founder sentenced to 4 years on fraud convictions

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Nikola Corp. founder Trevor Milton was sentenced to four years in federal prison and fined $1...

https://www.freightwaves.com/news/nikola-founder-sentenced-to-4-years-on-fraud-convictions

Former Polar Air Cargo exec pleads guilty to swindling employer

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A former executive at Polar Air Cargo pleaded guilty on Tuesday to defrauding the company by...

https://www.freightwaves.com/news/former-polar-air-cargo-exec-pleads-guilty-to-swindling-employer

Former Polar Air Cargo executives charged in $52M fraud scheme

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Federal law enforcement officials on Wednesday arrested nine individuals in connection with a plot...

https://www.freightwaves.com/news/former-polar-air-cargo-executives-charged-in-52m-fraud-scheme

Ex-Celadon trucking executives settle case with SEC

The Securities and Exchange Commission has agreed to settle an accounting fraud case against two former Celadon Group Inc. executives accused of engaging in a scheme to hide millions in losses before the Indianapolis-based trucking company filed for bankruptcy and ceased operations in 2019.

Former Celadon trucking executives Eric Meek and Bobby Peavler agreed to a settlement with the SEC following a Jan. 30 conference, according to court filings.

The court documents do not contain any details...

Nikola founder’s sentencing on fraud convictions delayed

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Nikola Corp. founder Trevor Milton remains free on $100 million bond as his sentencing on three...

https://www.freightwaves.com/news/nikola-founders-sentencing-on-fraud-convictions-delayed

Convicted Nikola founder Trevor Milton seeks new trial

Taking a page from the playbook of federal prosecutors, convicted Nikola Corp. founder Trevor Milton is swamping the judge in his case with examples of social media posts in a bid for a new trial.

Prosecutors introduced reams of social media posts and relied on taped podcasts and media interviews to establish a pattern of lying in Milton’s four-week trial. His lawyers received permission to submit a 42-page filing filled with social media posts that Milton claimed showed bias against him.

Milton...

https://www.freightwaves.com/news/convicted-nikola-founder-trevor-milton-seeks-new-trial

Nikola founder Trevor Milton guilty on 3 fraud counts

Lawyers and Trevor Milton walk to court

Nikola Corp. founder Trevor Milton was found guilty of three federal counts of fraud on Friday following a 3 1/2-week trial in the U.S. District Court for the Southern District in Manhattan, New York. Prosecutors called Milton a liar and “con man” who intentionally defrauded investors in the electric truck startup.

Milton, 40, was convicted on one count of securities fraud and two counts of wire fraud, including the acquisition of a Utah ranch partially paid for with Nikola stock options that...

https://www.freightwaves.com/news/nikola-founder-trevor-milton-guilty-on-3-fraud-counts

Prosecutor labels Trevor Milton a ‘con man’ in closing argument

Trevor Milton and defense attorney Marc Mukasey

Prosecutors took their final strokes Thursday at painting Nikola founder Trevor Milton as a greedy “con man” who repeatedly lied to pump up the electric truck maker’s stock price. 

The defense accused Nikola executives of enabling Milton’s obsession with luring retail investors via social media and podcast interviews. 

The jury of nine men and three women will begin deliberating in Manhattan, New York, on Friday. U.S. District Judge Edgardo Ramos’s instructions loom large in how they evaluate the...

https://www.freightwaves.com/news/prosecutor-labels-trevor-milton-a-con-man-in-closing-argument

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