Reported about 9 hours ago
The U.S. Securities and Exchange Commission announced it would dismiss charges against Trevor Milton, the founder and ex-CEO of Nikola, which aimed to produce electric and hydrogen trucks. Milton was accused of misleading investors about the company's technology but received a pardon from President Trump and has waived any claims against the SEC. This decision follows Milton's prior convictions for securities fraud and wire fraud, as Nikola faced significant setbacks leading to its recent bankruptcy filing.
Source: YAHOO