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DOJ Indicts Founder of Nikola for Allegedly Defrauding Retail SPAC Investors

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DOJ Indicts Founder of Nikola for Allegedly Defrauding Retail SPAC Investors

On July 29, 2021, the U.S. Attorneys Office for the Southern District of New York unsealed a securities and wire fraud indictment against Trevor Milton, the founder and one-time chairman of Nikola Corporation (Nikola), a pre-revenue electric- and hydrogen-powered…

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