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submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

Nikola founder to be sentenced for federal fraud charges::Nikola founder Trevor Milton was found guilty in October 2022 on two counts of wire fraud and one count of securities fraud.

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[-] BearOfaTime@lemm.ee 2 points 9 months ago

Fines for this stuff need to work like courtroom penalty of destroying records: assume the records were the worst-possible evidence.

Let's assume most-possible profit, make the fine 10x that.

Then whatever BS "liar figuring" is done, it'll still be a massive fine. One that can't be escaped via bankruptcy.

this post was submitted on 19 Dec 2023
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