trevor milton
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Electric Truck Maker Nikola to Pay $176 Million in SEC Settlement Following Fake Demo
GM-backed eclectic truck maker Nikola (which famously admitted one of its promotional videos was actually just a prototype rolling down a hill) will pay the Securities and Exchange Commission $US125 million ($176 million in Aussie dollars) to settle charges it had defrauded its investor by lying about its products and technical capability.