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  • edited October 2022
    Boy, this guy reminds me of Richard Nixon, I am not a crook!
    Manhattan, prosecutors told the jury that Mr. Milton was a con man who duped ordinary investors into buying Nikola stock, making himself a billionaire in the process. They said he fueled the company’s rise on a campaign of lies on social media, podcasts and in television interviews, falsely claiming an inoperable prototype was fully-functioning and that Nikola had a long roster of truck orders when in reality most potential customers had registered only nonbinding expressions of interest.
  • Sounds like Trump's kind of guy.
  • Nikola is a public traded company. Who is their auditing firm?
  • Ernst & Young is the auditing firm, 2018-.
  • Remember Arthur Andersen who was the auditing firm for Enron.
    https://hg.org/legal-articles/the-fallout-of-arthur-andersen-and-enron-on-the-legal-landscape-of-american-accounting-31277

    Will Ernst & Young face discipline from SEC?
  • Audit??? I don't got to show you no stinking audit !!
  • That is the point. Without thorough auditing on Nikola’s book, how can investors trust the stock? Otherwise, it is nothing more like smoke and screen.

    BTW, this case shares similarities to that of Theranos, except it is privately held.
  • Audit???????
  • That is the classic line! Got to find one for Bernie Madoff.
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