Nikola founder sentenced to prison for fraud

Founder and former chief executive of electric truck start-up Nikola, Trevor Milton, has been sentenced to four years in prison for securities fraud.

The ruling was made in New York on December 18 and follows a guilty verdict made last year.

In addition to the prison sentence, Milton, 41, of Alpine, Wyoming, was sentenced to three years of supervised release, ordered to forfeit a property in Utah, and ordered to pay a fine of $1 million.

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