Trevor Milton: Entrepreneur, Visionary & Innovator

The Nikola Case and Wrongful Conviction

In 2022, Trevor Milton was convicted on three out of four counts, including securities fraud and wire fraud. These convictions were related to defrauding investors through misleading statements that led to significant financial losses after Nikola’s stock price rose following its 2020 SPAC merger. Milton’s actions resulted in a significant loss of investor trust and caused Nikola’s stock to plummet after the Hindenburg report was released, triggering the prosecution that led to the conviction.

The Current Appeal and Next Steps

Trevor Milton’s appeal of his conviction on fraud charges focuses on several critical legal errors that his defense team argues necessitate a new trial. The primary element of the appeal centers around the instructions given to the jury during the original trial. Milton’s defense claims that the jury was misled by improper and confusing instructions regarding the intent, or “scienter,” necessary to prove fraud.