SEC Charges Nikola Corporation $125 Million for SPAC-Related Fraud and False Claims
The SEC settled fraud charges against Nikola Corporation for $125 million, finding the electric vehicle company made materially false and misleading statements about its products, technical capabilities, and partnerships during its 2020 SPAC merger. Founder Trevor Milton falsely claimed the Nikola …
Securities and Exchange Commission
Nikola Corporation
Trevor Milton (Founder and Former Executive Chairman)
VectoIQ Acquisition Corp (SPAC)
spac-fraud
electric-vehicles
sec-enforcement
material-misrepresentation
retail-fraud
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