96
Nikola founder to be sentenced for federal fraud charges (www.cnbc.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
3 comments fedilink hide all child comments

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.

top 3 comments
sorted by: hot top controversial new old
[-] piskertariot@lemmy.world 28 points 1 year ago

4 years and $1m fine.

Billions in fraud. Guy is set for life and will absolutely be out of "jail" in a year.

The judge: "Let this be a lesson"

Everyone: fucking what?

[-] HerbalGamer@sh.itjust.works 3 points 1 year ago

Federal prisons apparently are pretty much summer camps I believe, so it's not even gonna be a bad time for him.

[-] BearOfaTime@lemm.ee 2 points 1 year 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
96 points (99.0% liked)

Technology

71001 readers
2690 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
L3s@hackingne.ws
L4s@hackingne.ws