Nikola founder to be sentenced for federal fraud charges
cnbc.com
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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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?
Federal prisons apparently are pretty much summer camps I believe, so it's not even gonna be a bad time for him.
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.