Trevor Milton

Trevor Milton
Milton in 2017
Born
Trevor Robert Milton

(1982-04-06) April 6, 1982 (age 42)
Layton, Utah, U.S.[1]
OccupationBusinessman
Years active2015–2020
Known forFounder, former executive chairman and CEO, Nikola Corporation
Spouse
Chelsey Bergmann
​
(m. 2018)​

Trevor Robert Milton (born April 6, 1982) is an American convicted felon, former businessman and the founder and former executive chairman and CEO of Nikola Corporation. In September 2020, Milton resigned from his position as executive chairman after the U.S. SEC and Department of Justice began investigating claims that Milton and Nikola committed securities fraud.[2][3] In July 2021, Milton was indicted by federal prosecutors on three counts of securities fraud and wire fraud and released on $100 million bail.[4][5][6] In June 2022, he was charged with another count of wire fraud.[7] In October 2022, he was found guilty on three of the four counts, and received a 4 year prison sentence, a $1 million fine, and may be forced to forfeit part of his property holdings as a part of his sentence.[8][9]

  1. ^ Wiles, Russ (October 4, 2020). "Nikola founder Trevor Milton made a splash in Arizona before abruptly leaving the company. What happens next?". The Arizona Republic. Archived from the original on December 20, 2023. Retrieved July 29, 2021.
  2. ^ Wang, Christine; Steinberg, Marty (September 21, 2020). "Nikola founder Trevor Milton to voluntarily step down as executive chairman; stock plunges". CNBC. Archived from the original on December 31, 2023. Retrieved July 14, 2024.
  3. ^ Boudette, Neal E.; Ewing, Jack (September 21, 2020). "Head of Nikola, a G.M. Electric Truck Partner, Quits Amid Fraud Claims". The New York Times. Archived from the original on July 3, 2024. Retrieved January 23, 2021.
  4. ^ Ramey, Corinne (July 29, 2021). "Nikola Founder Trevor Milton Charged With Lying to Investors". The Wall Street Journal. Archived from the original on July 29, 2021. Retrieved July 29, 2021.
  5. ^ "Former Nikola Corporation CEO Trevor Milton Charged In Securities Fraud Scheme" (Press release). United States Attorney for the Southern District of New York. July 29, 2021. Archived from the original on April 6, 2024. Retrieved July 29, 2021.
  6. ^ Wayland, Michael (July 29, 2021). "Nikola founder Trevor Milton pleads not guilty to fraud charges, released on $100 million bail". CNBC. Archived from the original on October 4, 2023. Retrieved August 2, 2021.
  7. ^ Rosevear, John; Wayland, Michael (June 22, 2022). "Nikola founder Trevor Milton faces new federal fraud charge tied to ranch purchase". CNBC. Archived from the original on October 2, 2023. Retrieved October 6, 2022.
  8. ^ Rosevear, John (October 14, 2022). "Nikola founder Trevor Milton found guilty of fraud over statements he made while CEO of the EV company". CNBC. Archived from the original on December 24, 2023. Retrieved October 14, 2022.
  9. ^ Wayland, Michael; Mangan, Dan (December 18, 2023). "Nikola founder Trevor Milton sentenced to four years in prison for fraud". CNBC. Archived from the original on July 5, 2024. Retrieved January 5, 2024.