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EV startup Nikola settles with U.S. for $125M
- h2odragon 5y agoWhen the government doesn't stop scams, but profits from them, aren't they complicit? How does this work out as a tax rate? Do honest companies pay more or less in taxes than those whose main activity seems to be in courtrooms?
- hiptobecubic 5y ago> The company did agree to cease and desist from future violations Phew! Glad that's settled.
- KptMarchewa 5y agoThis one is a clear case for corporate capital punishment. Dissolve the company.
- htrp 5y ago> Nikola, based in Phoenix, didn’t admit or deny the SEC’s findings. The company did agree to cease and desist from future violations and to the $125 million penalty. Nikola also agreed to continue cooperating with the SEC’s ongoing investigation. The order also establishes a fund to return penalty proceeds to investors who were affected. Penalty money goes to the investors who lost their shirts on the spac