Trevor Milton, sentenced to four years in prison on securities and wire fraud charges in the Southern District of New York, spoke to reporters after leaving court with his wife Chelsey, Dec. 18, 2023. Photo: Jane Wester/ALM Ex-Nikola CEO Sentenced to 4 Years for Securities and Wire Fraud in SDNY
U.S. District Judge Edgardo Ramos said he did not believe Trevor Milton was likely to reoffend, but he nonetheless noted that "the law does not permit a pass for good intentions."
December 18, 2023 at 05:20 PM
3 minute read
U.S. District Judge Edgardo Ramos of the Southern District of New York on Monday sentenced Trevor Milton, the former CEO of low-emissions vehicle company Nikola, to four years in prison and a $1 million fine for securities and wire fraud.
Milton's legal team, led by Marc Mukasey of Mukasey Frenchman, had asked Ramos to impose a non-custodial sentence, noting among other points that Milton's wife is facing health issues.
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