Convicted Nikola Founder Must Forfeit Ranch, Judge Says

By Henrik Nilsson ( February 26, 2024, 11:47 PM EST) -- A New York federal judge on Monday ruled Nikola Corp. founder Trevor Milton, who received a 4-year prison sentence for fraudulently inflating the truck-maker's value on Wall Street, must forfeit his 4,700-acre Utah property, citing the seriousness of Milton's crime and that he bought the ranch using inflated stock options....

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