Ex-Nikola CEO Sentenced to 4 Years for Securities and Wire Fraud in SDNY

U.S. District Judge Edgardo Ramos of the Southern District of New York on Monday sentenced Trevor Milton, the former CEO of low-emissions vehicle company Nikola, to four years in prison and a $1 million fine for securities and wire fraud.

Milton’s legal team, led by Marc Mukasey of Mukasey Frenchman, had asked Ramos to impose a non-custodial sentence, noting among other points that Milton’s wife is facing health issues.

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