Lawyers for the founder of truckmaker Nikola Corp. say he should not face incarceration because his criminal conviction is nothing like what landed Theranos founder Elizabeth Holmes in prison
NEW YORK — Lawyers for the founder of truckmaker Nikola Corp. say he should not face incarceration because his fraud conviction is nothing like the fraud that landed Theranos founder Elizabeth Holmes in prison.
The lawyers told a Manhattan federal court judge in a filing late Tuesday that Trevor Milton never acted in a “greedy or mean-spirted way” as he built a pioneering company looking to take the battery- and hydrogen-electric trucking world to new heights.
“There is not a shred of evidence from trial or from Trevor’s personal life that he was ever motivated by spite, nastiness, ill will, or cruelty,” they wrote.
Milton, 41, was convicted last year of fraud for duping investors with exaggerated claims about his company’s production of zero-emission trucks.
Holmes, 39, is serving an 11-year sentence for defrauding investors in the blood-testing company Theranos.
Milton is scheduled to be sentenced Nov. 28. Court officials have calculated federal sentencing guidelines to recommend between 17 1/2 years and 22 years in prison, although Milton's lawyers object to the calculations, saying they substantially overstate the seriousness of the crimes.
“Unlike Holmes, Trevor never put Nikola's customers at risk, whereas Holmes touted and used blood-testing technology that she knew to be unreliable, thus putting human beings at medical risk,” the lawyers said.
They said Holmes also duped her own board of directors in addition to lying to investors.
“In contrast, whatever Trevor may have done, he did it openly and with the full knowledge of
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