4 ms·
How much of the money does he get to keep?
by givemeethekeys 3y ago
How much of the money does he get to keep?
- JumpCrisscross 3y agoMilton was "ordered to forfeit a property in Utah and ordered to pay a fine of $1 million," with restitution to be set "in a future proceeding" [1]. This is in addition to the $125 million Nikola paid "to settle charges that it defrauded investors" [2], which it "is seeking reimbursement from Milton for" [3]. [1] https://www.justice.gov/usao-sdny/pr/trevor-milton-sentenced-four-years-prison-securities-fraud-scheme https://www.justice.gov/usao-sdny/pr/trevor-milton-sentenced... [2] https://www.sec.gov/news/press-release/2021-267 https://www.sec.gov/news/press-release/2021-267 [3] https://www.reuters.com/business/nikola-corp-agrees-pay-125-mln-settle-sec-charges-defrauding-investors-2021-12-21/ https://www.reuters.com/business/nikola-corp-agrees-pay-125-...