Spac-Era

Nikola Founder Trevor Milton Indicted for Securities Fraud, Exposing How SPAC Loophole Enabled Investor Deception

2021-07-29 00:00:00 +0000 UTC | Importance: 9/10

U.S. Attorney’s Office for the Southern District of New York and the SEC simultaneously charge Nikola Corporation founder Trevor Milton with securities and wire fraud for systematically deceiving investors about the company’s hydrogen truck technology. Milton made false claims that a …

Trevor Milton Nikola Corporation Securities and Exchange Commission (SEC) DOJ Hindenburg Research +2 more fraud spac-era securities-fraud regulatory-gaps sec +2 more

WeWork Withdraws IPO After Valuation Collapses from $47 Billion to $10 Billion, Exposing Massive Corporate Governance Failure

2019-09-30 00:00:00 +0000 UTC | Importance: 8/10

WeWork formally withdraws its S-1 filing and postpones its IPO after investor scrutiny reveals catastrophic governance failures and self-dealing by CEO Adam Neumann. The company’s valuation collapses from $47 billion (January 2019) to under $10 billion in months. The SEC investigation reveals …

Adam Neumann WeWork Securities and Exchange Commission (SEC) SoftBank John White +1 more fraud regulatory-capture corporate-governance sec revolving-door +2 more