"Nikola Founder Trevor Milton Receives 4-Year Prison Sentence for Fraudulent Actions"

Trevor Milton, the founder of Nikola, has been sentenced to four years in federal prison for fraud. Milton was convicted by a jury for spreading lies about the hydrogen-electric vehicle company he founded. Prosecutors had requested an 11-year sentence, but the judge ruled for a shorter term. Milton's fraudulent activities included making false representations about Nikola's hydrogen fuel cell prototype truck and deceiving investors about the company's capabilities and technology. Nikola's stock fell over 9% following news of Milton's sentencing.