In 2020, Nikola and its founder, Trevor Milton were on top of the world -- the electric truck maker had gone public and briefly surpassed Ford in value. In addition, General Motors announced it planned on investing in Nikola and work together on an electric truck. The next year, the house of cards came tumbling down thanks to whistleblowers, who exposed Milton made false and misleading statements about "nearly all aspects of the business." On today's Fraud in America, we're joined by Mark Puglsey who served as the Nikola whistleblower's lawyer and helped piece together the web of deceit around the motor company.
Fraud in America is made possible by the generous donation of Getnick & Getnick LLP, a boutique Manhattan law firm dedicated to fighting fraud and promoting business integrity.
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"Fraud in America" is produced by Jeb White, James King, Emma Bass, and Jacklyn DeMar; research by Kathleen Scanlan and Max Voldman; edited by Rachel Brooks; original music by Connor Kaos.
Fraud in America is a project of Taxpayers Against Fraud, a 501(c)(3) organization. You can learn more about it at taf.org.