Milton, Trevor Robert

Additional data from LittleSis.org

{"id": 390527, "type": "entities", "links": {"self": "https://littlesis.org/entities/390527-Trevor_Milton"}, "attributes": {"id": 390527, "name": "Trevor Milton", "blurb": "Founder and former chairman, Nikola Motor Company - charged with fraud July 2021", "types": ["Person", "Business Person"], "aliases": ["Trevor Milton"], "summary": "New York federal prosecutors charged Trevor Milton, the founder of the electric truck company Nikola, with engaging in an audacious scheme to defraud investors, according to an indictment unsealed Thursday July 29 2021.\r\n\r\nMilton is accused of using his massive social media platform and TV appearances to mislead retail investors in order to inflate and maintain Nikola’s stock price. The scheme resulted in him receiving tens of millions of dollars in personal benefits. Federal prosecutors say Milton falsely claimed, for instance, that Nikola’s first semitruck prototype could be driven under its own power and even created a misleading video that purported to show it. Milton also falsely claimed that the company was producing hydrogen at a cost that was four times less than the prevailing market rates.\r\n\r\nMilton, who resigned as Nikola’s executive chairman in September 2020, surrendered to authorities. His expected to face two counts of security fraud, including making false statements about the company, and one count of wire fraud.\r\n\r\n", "website": null, "end_date": null, "parent_id": null, "extensions": {"Person": {"party_id": null, "gender_id": 2, "name_last": "Milton", "name_nick": null, "net_worth": null, "birthplace": null, "name_first": "Trevor", "name_maiden": null, "name_middle": "Robert", "name_prefix": null, "name_suffix": null, "nationality": [], "is_independent": null}, "BusinessPerson": {"sec_cik": null}}, "start_date": null, "updated_at": "2021-11-24T22:27:54Z", "primary_ext": "Person"}}

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