Nikola and owner Trevor Milton hit with grand jury subpoenas amid fraud allegations


 

Electric and hydrogen truck start-up Nikola and owner Trevor Milton have been issued with grand jury subpoenas from the US attorney’s office amid allegations of fraud. Milton resigned from his role as chief executitve of Nikola in September after a report from hedge fund firm Hindenburg Research claimed the company’s success was “an intricate fraud” based on “an ocean of lies”. The report referred to a video of a truck rolling downhill to give the impression it was cruising on […]