I think the most important differentiator is who gets fleeced. In the case of the phone, average Joes get stuffed. In Nikola's cases, rich people got stuffed.

I think the most important differentiator is who gets fleeced. In the case of the phone, average Joes get stuffed. In Nikola's cases, rich people got stuffed. That's why this gets prosecuted fairly quickly, while corporations regularly committing fraud against consumers remain in business for decades.