Lawyers insist Nikola founder shouldn't face prison time for fraud -- unlike Elizabeth Holmes [View all]

Source: Associated Press

Lawyers insist Nikola founder shouldn’t face prison time for fraud — unlike Elizabeth Holmes

BY LARRY NEUMEISTER
Updated 5:12 PM EST, November 15, 2023

NEW YORK (AP) — Lawyers for the founder of truckmaker Nikola Corp. say he should not face incarceration because his fraud conviction is nothing like the fraud that landed Theranos founder Elizabeth Holmes in prison.

The lawyers told a Manhattan federal court judge in a filing late Tuesday that Trevor Milton never acted in a “greedy or mean-spirted way” as he built a pioneering company looking to take the battery- and hydrogen-electric trucking world to new heights.

“There is not a shred of evidence from trial or from Trevor’s personal life that he was ever motivated by spite, nastiness, ill will, or cruelty,” they wrote.

Milton, 41, was convicted last year of fraud for duping investors with exaggerated claims about his company’s production of zero-emission trucks.

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Read more: https://apnews.com/article/nikola-theranos-holmes-milton-cd8663160dfdf7bf0fc470dcf57f9b66