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Nikola founder Trevor Milton found guilty of fraud

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Re: Nikola founder Trevor Milton found guilty of fraud

#11
I remember when some FAANG buddies of mine were gloating about gains made of NKLA.

It reminded me no one gives a fuck if their money is made by corruption, fraud or unethical activity. The world is truly a "Fuck you, I've got mine" type of place. Never forget it, and never trust anyone.

I see the same story playing out in the Celsius network crap.

Re: Nikola founder Trevor Milton found guilty of fraud

#13

I remember when some FAANG buddies of mine were gloating about gains made of NKLA. It reminded me no one gives a fuck if their money is made by corruption, fraud or unethical activity. The world is truly a "Fuck you, I've got mine" type of place. Never forget it, and never trust anyone. I see the same story playing out in the Celsius network crap.

I want to see a fund that shorts whatever the fintech bros were shilling 6 months ago.

Re: Nikola founder Trevor Milton found guilty of fraud

#14
I remember that company from an FT article where they were forced to admit that they'd let their trucks roll down a gentle slope for promotional videos to give the impression that they could drive. Not surprised by this outcome, good if they get caught, albeit a bit late.

Re: Nikola founder Trevor Milton found guilty of fraud

#15
post #13

I remember when some FAANG buddies of mine were gloating about gains made of NKLA. It reminded me no one gives a fuck if their money is made by corruption, fraud or unethical activity. The world is truly a "Fuck you, I've got mine" type of place. Never forget it, and never trust anyone. I see the same story playing out in the Celsius network crap.

I want to see a fund that shorts whatever the fintech bros were shilling 6 months ago.

for what purpose? if you want a short position just short ARKK

Re: Nikola founder Trevor Milton found guilty of fraud

#17
post #10
post #6

>Trevor Milton lied to Nikola’s investors — over and over and over again. That’s fraud, plain and simple, >He faced up to 25 years in prison if convicted on all four counts. If he would have taken large subsidies, like Musk did, it would've been much harder to jail him. Then he could let his imagination go - promise investors that they will make 100% return on investment per year ("buy Tesla for $30,000 and you make…

> Hindenburg said the truck was “towed to the top of a hill on a remote stretch of road and simply filmed it rolling down the hill.” It was then used in a video, which Nikola said was created by a third party, in which the truck appeared to be driving on its own propulsion on flat roads. It's all relative. How much is hype or marketing, and how much is just dishonesty? I think it depends on the field. I mean even the…

I don't find it dishonest, rather brilliant he found a hill the truck rolled down from. The whole ordeal was the weakest chain of the whole lawsuit - most of the time the tech showed is not 100% working. The truck showed would not be on sale anyways, but obviously whatever would leave a factory. Musk showed houses that did not even have real solar panels even thought he told people in their faces these are solar panels. Seriously, the only reason Musk is not facing 25 years prison is because he is too rich to jail. With enough runaway, this could have been Milton or Holmes.

Re: Nikola founder Trevor Milton found guilty of fraud

#19
post #10
post #6

>Trevor Milton lied to Nikola’s investors — over and over and over again. That’s fraud, plain and simple, >He faced up to 25 years in prison if convicted on all four counts. If he would have taken large subsidies, like Musk did, it would've been much harder to jail him. Then he could let his imagination go - promise investors that they will make 100% return on investment per year ("buy Tesla for $30,000 and you make…

> Hindenburg said the truck was “towed to the top of a hill on a remote stretch of road and simply filmed it rolling down the hill.” It was then used in a video, which Nikola said was created by a third party, in which the truck appeared to be driving on its own propulsion on flat roads. It's all relative. How much is hype or marketing, and how much is just dishonesty? I think it depends on the field. I mean even the…

The solar panels on those roofs at that Elon event where fake. [1]

[1] https://www.ft.com/content/e6476876-1afb-3d50-9aa7-3d40d27aa...

Re: Nikola founder Trevor Milton found guilty of fraud

#20

I remember when some FAANG buddies of mine were gloating about gains made of NKLA. It reminded me no one gives a fuck if their money is made by corruption, fraud or unethical activity. The world is truly a "Fuck you, I've got mine" type of place. Never forget it, and never trust anyone. I see the same story playing out in the Celsius network crap.

> buddies of mine

Yeah, your anecdote says more about you than it does about the world in general.

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