Nikola CEO Tells Jurors He Anxious About Exaggerations by Firm Founder Trevor Milton

Nikola CEO Mark Russell informed a New York federal jury Monday that he had considerations about becoming a member of the electric-truck firm as a result of he believed its founder, Trevor Milton, “was susceptible to exaggeration in public statements.”

Testifying in Mr. Milton’s securities-fraud trial, Mr. Russell stated that earlier than approaching board in 2019 as president of Nikola, he and Mr. Milton reached an settlement that Mr. Russell would turn out to be the chief government officer if Nikola turned a publicly traded firm. Mr. Russell stated he sought the association as a result of as head of a public firm, statements from the CEO wanted to be correct.

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