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All discussion of Nikola Motors
- Thread starter Buckminster
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JRP3
Hyperactive Member
Nikola Motors American Greed episode is coming out tonight on CNBC at 10 EST
Trevor Milton Fraud Case Goes to Jury After Passionate Closing Statements | Transport Topics
The U.S. launched its closing statement in Nikola Corp. founder Trevor Milton’s trial on Oct. 13, claiming Milton defrauded investors with breathless hype about the electric truck maker.
some funny closing arguments from the defense
Imagine the nightmare to have his life hang in the balance, because of a word choice he made....i guess when he said "I am the only person that can out-Elon Elon", he forgot to mention when.
For example:
We have a hydrogen generator
Vs
We will have a hydrogen generator
We broke ground on our factory
vs
We're going to break ground on our factory
I'm a free man
vs.
I was a free man
Knightshade
Well-Known Member
It really is a totally foreign mindset at work with these guys... like, if you engage in a bunch of fraud, and get billions of dollars.... leave.
Everyone gets caught with this stuff eventually, and billions is orders of magnitude more than you need to live the rest of your life in a mansion staffed by supermodels in a non-extradition country.
But no, they keep hanging around because it's feeding their ego and they all end up dead or in federal PMITA prison.
Everyone gets caught with this stuff eventually, and billions is orders of magnitude more than you need to live the rest of your life in a mansion staffed by supermodels in a non-extradition country.
But no, they keep hanging around because it's feeding their ego and they all end up dead or in federal PMITA prison.
Atleast he out-Eloned Elon on something.
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I'd take that bet. The people he deceived will sue him in civil court for their losses, and I'm pretty sure that's more than he gained from his stock options, since he used some of that money to buy back IN!! The fraud case is a criminal case, and will not be settled with a simple fine.
When it's a "crime"?! Joking aside, "securities fraud" is a serious offense and is the justification for sending Bernie Madoff, Martha Stewart, and now Trevor Milton to prison.
Knightshade
Well-Known Member
FYI- Stewart was only convicted on charges of conspiracy to obstruct, of obstruction of an agency proceeding, and of making false statements to federal investigators...not securities fraud.
She was a couple people removed from the actual insider trading (basically her broker found out the execs were going to be selling off ahead of a bad FDA decision, and the broker (not themselves a company insider but privy to inside info) told Stewart to sell, which she did, and then she lied/obstructed during the investigation....
She was initially charged with securities fraud but the judge tossed that out, finding no reasonable jury could find her guilty of that given the circumstances.
As is often the case, it's not the actual thing you did that puts you in jail, it's the coverup.
(Obviously not the case with Madoff and Milton though)
She was a couple people removed from the actual insider trading (basically her broker found out the execs were going to be selling off ahead of a bad FDA decision, and the broker (not themselves a company insider but privy to inside info) told Stewart to sell, which she did, and then she lied/obstructed during the investigation....
She was initially charged with securities fraud but the judge tossed that out, finding no reasonable jury could find her guilty of that given the circumstances.
As is often the case, it's not the actual thing you did that puts you in jail, it's the coverup.
(Obviously not the case with Madoff and Milton though)
JRP3
Hyperactive Member
Now that my RMO has converted I am a "proud" holder of NKLA. Up 18% today, best performer in my portfolio, GO Nikola!!I have RMO stock, which as been a dog, now I'm going to end up with NKLA???
"We are an early stage company with a history of losses, expect to incur significant expenses and continuing losses for the foreseeable future, and there is substantial doubt that we will have sufficient funds to satisfy our obligations through the next 12 months from the date of this report."
SageBrush
REJECT Fascism
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