Replies to post #217752 on DD Support Board and Research Team

[lucky, mydog]

and speaking of hindenburg...
Nikola
founder Trevor Milton on Monday was sentenced to four years in prison, Reuters reported, in connection to defrauding investors of the embattled electric- and hydrogen-powered truck maker.
The sentencing was far lower than a recommended 11 years imprisonment by New York federal prosecutors. It was more than the probation Milton’s attorneys were requesting.
Milton was found guilty in October 2022 on two counts of wire fraud and one count of securities fraud. He faced up to 60 years in prison.
Milton became an overnight billionaire when he took Nikola public through a deal with a special purpose acquisition company in June 2020. The company was quickly considered to be one of the most-promising EV startups – valued at its peak at more than $30 billion – until allegations regarding false and misleading statements were uncovered by short-seller Hindenburg Research.
Prosecutors on Tuesday compared Milton to disgraced Theranos founder Elizabeth Holmes, who was sentenced to more than 11 years in prison last year for defrauding investors in her blood testing startup.