Milton, whose over-the-top promotion helped make Nikola’s shares worth billions at one point, still owns a stake in the company. The former chief executive was convicted in 2022 of three counts of fraud for repeatedly misrepresenting Nikola’s business. Most memorable was a promotional video of a Nikola truck that appeared to be driving down a road under its own power. In New York, Milton continues to appeal his conviction on three counts of fraud relating to his conduct at Nikola. “The government’s gone crazy, this happens all the time.”The county board last month voted unanimously to remove language on the books authorizing private helipads in the county.

Source: Wall Street Journal May 20, 2024 13:02 UTC