Milton was convicted at trial in October 2022 on two counts of wire fraud and one count of securities fraud. Prosecutors said Milton targeted retail investors with false claims about Nikola s technology starting in 2019. He is scheduled to be sentenced on Dec. 18 at a hearing where investors may appear to speak about their losses on the company, whose market cap soared to above USD 30 billion in June 2020.
U.S. prosecutors said Theranos founder Elizabeth Holmes should be jailed for 15 years and pay $800 million in restitution to investors defrauded by her blood testing start-up
U.S. prosecutors said Theranos founder Elizabeth Holmes should be jailed for 15 years and pay $800 million in restitution to investors defrauded by her blood testing start-up
Two Chinese nationals were charged this week with trying to obstruct prosecution of a Chinese telecommunications company, identified as Huawei Technologies